Investors are fleeing to safety as the United Kingdom edges closer to leaving the European Union.

As of 10:45 p.m. ET, gold has soared 2.96% to roughly $1,300 an ounce. The precious metal had dived as low as $1,255 an ounce at 6 p.m. ET.

The jump comes as the UK closes in on a possible exit from the European Union. As of publish time “Leave” is up 51.5% to 48.5% for “Remain.”

To follow along as results roll in live, check out Business Insider’s live-blog.

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