InvestorQ : Will the BREXIT announcement impact gold prices?
Archita Jajjoo made post

Will the BREXIT announcement impact gold prices?

Answer
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vidhya Laxmi answered.
1 year ago


The day Britain voted to exit the EU; the impact was visible on two major commodities. Oil fell sharply on expectations that the slowdown in EU and UK will lead to a compression in demand for oil. Secondly, the price of gold showed a sharp recovery. Remember, gold is already up nearly 25% from the lows of January. The question then is should mutual fund investors look at Gold ETFs seriously as an asset class? The answer is they must look at gold as a serious asset class from here on. Here is why…