• Gold prices declined slightly

Market news

20 June 2016

Gold prices declined slightly

Gold prices slightly declined in today's trading, reacted to the news about Brekzita. Pressure on prices also provided strengthening investor appetite for high-risk assets

Opinion polls have shown a slight strengthening of the positions of supporters of continued membership in the EU, although in general the votes are divided almost equally.

The survey, conducted by Survation, showed that in the UK out of the EU are the 42% of the population and against - 45%. This is the first study on the subject conducted after the British Member of Parliament Joe Cox murder, opposed the country's exit from the EU. According to the last survey Survation, for access to the UK from the EU were 45% of respondents, and against - 42%. Meanwhile bookmakers estimate the chances of the UK exit from the EU to 31% against 44% in the middle of last week.

Recall, the price of gold rose last week to their highest level in two years amid speculation that British voters can vote for the exit from the trade bloc in a referendum, which is scheduled for Thursday.

"Undoubtedly, the referendum will be a key theme of this week's uncertainty with regard to the election results should support gold." - Said an analyst at Commerzbank.

Gold reserves, located in the reserves of the largest ETF fund SPDR GOLD Trust, rose on Friday by 0.59 percent, to 907.88 tonnes, the highest level since September 2013.

In addition, data Commodity Futures Trading Commission showed that in the week to 14 June hedge funds and money managers increased the number of positions on the gold purchase to their highest level in nearly five years.

The cost of the August gold futures on the COMEX fell to $ 1288.1 per ounce.

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