Business in Brief
GOLD leapt as much as 8.1 per cent in trading yesterday as investors turned their back on currency and stock trading as a result of the UK voting to leave the EU.
At one point yesterday gold hit $1,360 per ounce, its highest price for more than two years.
By 11am online broker BullionVault said users had traded £23.5 million of vaulted gold and silver, more than two weeks’ average.
“The surging gold price clearly shows the panic sweeping financial markets,” said Adrian Ash, head of research at BullionVault. “This is just the kind of crisis which gold helps savers and investors insure against.”
Shares in Jersey-based gold miner Rangold Resources closed up 14 per cent last night, adding 910p to the price of a share.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here