Gold Prices Rise as “Brexit” Debate Nears to a Close

The UK is voting whether to exit or not from the European Union, which will almost certainly have an effect on the global economy. The impending vote, also known as “Brexit” – for British Exit – has markets on edge, and even more so if “Brexit” successfully passes. One commodity that is predicted to change dramatically is gold. From what markets are already predicting, if “Brexit” passes, gold could be pushed to $1400!

Gold as the Winner

Gold could in fact be the big winner of this referendum. According to the Wall Street Journal, if the referendum to end the country’s membership in the European Union passes, gold could rally as much as 10%. Why ?

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