Gold Holders Should Not Fear Brexit Results: Axel Merk
Gold prices ended the U.S. day session moderately lower and hit a two-week low Thursday. The highly anticipated Brexit vote is taking place today, with most believing the U.K. will stay in the European Union. "The market is looking for an excuse, or trigger, to sell and might well get one" if Brexit voters win, says Axel Merk, chief investment officer at Merk Investments. "The market believes a potential Brexit is a very serious thing for risk assets," he said. A vote by Britain to exit the EU would deliver a bearish blow to so-called risk assets, which include stocks. August Comex gold settled the day $6.30 lower at $1,263.10 an ounce.
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Видео Gold Holders Should Not Fear Brexit Results: Axel Merk канала Kitco NEWS
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Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com -- Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews --- Kitco News on Facebook: http://facebook.com/kitconews --- Kitco News on Google+: http://google.com/+kitco --- Kitco News on StockTwits: http://stocktwits.com/kitconews
Видео Gold Holders Should Not Fear Brexit Results: Axel Merk канала Kitco NEWS
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