Gold's 'Brexit premium' deflated ahead of vote

Gold which rallied 10% during the early part of June has since last Thursday given back almost half of these gains. An exodus of "smart money" positions from hedge funds have more than offset continued demand from ETP investors. Once the dust settles gold will continue to find support from a dovish FOMC and negative bond yields.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/golds-brexit-premium-deflated-ahead-of-vote-7804942?utm_medium=tf4-feed&utm_source=extract