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General Precious Metals
The Brexit gold bet could be the smartest, or the dumbest, ever
By: Barbara Kollmeyer
The “who’s-afraid-of-the-big-bad-Brexit?” mood that drove global markets higher yesterday may still have some life in it yet. Global stocks are rising this morning, but they aren’t exactly ripping higher..
“With regards to the S&P 500, I question whether the move lower in U.S. stocks was simply a concern about holding risk for too long and traders happy to take even the smallest of profits,” says IG’s Chris Weston, talking about the Brexit-linked jitters that have been taking down stocks recently.