Brexit Gold Buying

As the UK triggered its formal departure from the European Union yesterday, gold demand from UK investors remained ongoing and robust with increased numbers of British investors diversifying into physical gold in order to hedge the considerable uncertainty and volatility that the coming months and years will bring.

Gold has edged up in recent days and appears to be consolidating at the $1,250 level. In sterling terms, the pound has fallen against gold and gold in sterling terms is back above the important psychological level of £1,000 per ounce.