14 June 2016

Not surprisingly, gold prices rose for a fourth straight session and hit their highest level since mid-May, driven by a variety of factors, including the horrific shootings in Orlando, along with increasing nervousness about the British vote that is going to take place on June 23rd. Incredibly, the “Leave” camp has now pulled ahead of the “Remain” group, generating considerable angst in a number of global equity markets. European stocks lost substantial ground on Monday, as did Asian bourses earlier in the day. The US market opened with a surprisingly modest loss, but this gradually built over the course of the day, with the Dow ultimately losing some 130 points. News that Microsoft would buy online networking company LinkedIn for $26.2 billion did not seem to have much of an impact on the markets.

Article attributed to www.bulliondesk.com