Gold pinned to Brexit angst as traders see $1 350 if leave wins

Polls show Britons will vote next week to exit the European Union, and that has gold traders betting the precious metal will be a lot more valuable. Prices will rally to the highest in two years if the so-called Brexit campaign succeeds on June 23, reaching $1 350/oz within a week of the vote – about 5% above current levels, according to a Bloomberg survey of 22 traders and analysts. Should a majority choose to remain in the bloc, bullion might slide 2.8% to $1 250/oz, the survey showed.