Market turmoil is good for one commodity: gold.
Investors are fleeing to safety as the United Kingdom appears to have voted to leave the European Union.
As of 6:27 a.m. (1:27 a.m.), gold has soared 5.69% to roughly $1,335 an ounce. The precious metal had dived as low as $1,255 an ounce at and risen as much at 7% around earlier on Friday morning.
Most of the major British media outlets have called the vote for an exit.
Here’s the chart:
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