Brits Paying Most in Three Years to Buy Gold Before Brexit Vote
- Sterling price of gold is poised for highest close since 2013
- Silver holdings are close to record after climbing for 11 days
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Brits who want their wealth in a haven like gold ahead of the Brexit vote will find themselves paying the most in almost three years.
With the U.K. approaching a referendum on whether it will exit the European Union, gold priced in sterling has soared 8.5 percent this month and touched as high as 912.99 pounds ($1,288.78) Tuesday. That’s the highest since August 2013. The metal is becoming more expensive as the pound fell to a two-month low. Five polls put the ‘Leave’ campaign ahead, and the Sun, Britain’s best-selling newspaper, backed a Brexit on its front page.