As the EU referendum results emerged, gold took off like a rocket, gaining more than 6% overnight in dollar terms as nervous investors piled in. Priced in sterling, which was hurtling downwards, the overnight jump was 22%, a record move, according to Adrian Ash at online gold investment service BullionVault.com, which saw record transaction volumes on Friday. The sterling price has eclipsed £1,000 an ounce, a three-year high.
The traditional safe haven got a big boost early this year too, thanks to the global growth scare. In sterling terms, it has gained a total of 40% in 2016.
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