Thursday’s price action demonstrated just how sensitive markets are to the Brexit vote. After hitting a nearly two-year high at $1,318.90 an ounce, August gold futures lost 2% and ended the day in negative territory on news that pro-EU politician Jo Cox was murdered. All referendum campaigning has stopped until Sunday.

According to some analysts, gold’s sell-off Thursday was due to a belief that the murder has provided some support for the “remain” camp, which has recently lagged in the polls. There were also rumors circulating around Wall Street that the actual vote could be postponed; however, those have proved to be false. If the Brexit vote does fail, it would create much-needed stability in the European Union, which would be negative for gold prices, according to some economists.

http://www.kitco.com/news/2016-06-17/Gold-Price-And-Brexit-What-You-Need-To-Know-Ahead-...