Investors Flee to Gold as Brexit Looms

The video discusses the impact of Brexit uncertainty on global gold prices, highlighting how investor concerns about the UK's potential exit from the EU have driven gold prices higher. It also covers the market's reaction to the tragic news of Jo Cox's death and a poll indicating low expectations for Brexit, which caused a sudden shift in gold prices. The video concludes with a discussion on the volatility of gold prices and future predictions, considering factors like the Federal Reserve's decisions and global economic growth.

What was a major factor driving gold prices higher in the past month?

• Rising oil prices

• Uncertainty about the UK's EU membership

• Decreasing demand for gold jewelry

• Increased gold mining activities

What event caused a sudden shift in gold prices, according to the transcript?

• A new trade agreement

• A change in US tax policy

• Jo Cox's death and a poll on Brexit

• A natural disaster

How did the market react to the combination of Jo Cox's death and the poll results?

• Gold prices decreased slightly

• Gold prices flipped from positive to negative

• Gold prices increased significantly

• Gold prices remained stable

Which economic factor is NOT mentioned as influencing gold prices in the transcript?

• Rising inflation in the US

• China's economic growth

• Global economic slowdown

• Federal Reserve interest rate decisions

What potential future price for gold is mentioned in the transcript?

• $1500 an ounce

• $1400 an ounce

• $1300 an ounce

• $1200 an ounce