Brexit and flight to safety propel sterling-priced gold to record high

From reuters.com

Gold priced in sterling soared to a record high on Monday, spurred by fear of a disorderly British exit from the European Union and a generalized flight to safe-haven assets that intensified with rising U.S.-China trade tensions. Gold priced in the British currency has rocketed 25% since early May to a peak of 1,209.55 pounds an ounce, beating its previous record of 1,204.63 pounds set in 2011. Gold’s value has surged broadly this year as concerns over trade wars and a global economic slowdown rippled through financial markets. [GOL/] Those fears pushed investors toward assets they think could weather market shocks ... (full story)