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June Gold News 2017

There is more uncertainty for the economy surrounding the Brexit negotiations.

Speaking to the BBC, Chancellor Phillip Hammond, has admitted that businesses are already pulling investment because of it.

“The thing that is causing concern in the business community is the risk of a cliff edge,” Mr Hammond said.

“The sooner we can reassure businesses that there is going to be a smooth path from where we are now to the future arrangements we put in place with the European Union, the sooner we will have that sigh of relief and start seeing businesses investing again.”

He added that the ...

22 Jun 2017, 12:10 p.m.
Daryl Jackson

Gold saw initial gains as a result of the shock election for investors in the UK.  Across the rest of the world the price hardly moved.

Gold priced in sterling rose as much as 2.2 percent to 1,007.52 pounds an ounce, a seven-week high. The move was driven by the pound, which sank after Prime Minister Theresa May failed to win an overall majority.

Jonathan Butler, a precious metals strategist at Mitsubishi Corp. in London said:

 “The political situation is anything but strong and stable...There is quite a bit of potential for support for gold, certainly in sterling and possibly ...

9 Jun 2017, 12:56 p.m.
Daryl Jackson