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Gold is flying higher

Markets are open in Asia and the Brexit chaos continues to unfold. As a safe haven asset, gold, yet again, is flying.

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Fresh from posting its largest one-day percentage increase seen since the global financial crisis, the spot price has rocketed to as high as US$1335.30 an ounce in early Asian trade, extending its gains from the lows struck on Friday to 6.6%.

It currently trades at US$1,334.30 an ounce, up 1.43% for the session.

gold
Investing.com

The price now edging towards the high of US$1,358.20 an ounce struck on Friday, something that at the time marked the highest level the precious metal had traded since March 2014.

Get the latest Gold price here.

Read the original article on Business Insider Australia. Copyright 2016. Follow Business Insider Australia on Twitter.
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