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Gold skyrockets to two-year high
Gold prices surged on Friday before the weekend, hitting a more than two-year high as demand spikes on safe harbors in the markets after Britain voted to leave the European Union.
Gold last traded at $1,327.3 an ounce, up sharply from the opening price of $1,267.4, with an intraday low at $1,264.1, and a two-year height at $1,358.1.
Gold's sharp rise follows the Brexit vote, which raised worries and ravaged the markets, pushing investors towards safe havens like the yellow metal.
On the other hand, the dollar returned high as well against a basket of rivals, touching a three-month high as rivals slump, helping the greenback, but that didn't affect gold.
The dollar index, gauging the U.S. currency's performance against a basket of rivals, last traded at 95.72, compared to the opening of 93.72, with an intraday low at 93.70, and a three-month peak at 96.68, with the index nearing a weekly gain after last week's drop.
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