Gold Triumphant Over Pound, Dollar Post-EU Breakup

from Kitco NEWS

lass=”” >Gold prices are holding onto last week’s gains after the U.K. voted to leave the European Union, with the metal still trading above $1,320 an ounce Monday. The metal also showed substantial gains against the British pound sterling, up nearly 3% on the day, after massive volatility in forex markets following a “leave” vote in the referendum. Kitco News’ Daniela Cambone and TheStreet’s Scott Gamm discuss the upswing in gold prices in different currencies as well as the rally in gold stocks post-Brexit.