GOLD MARKET NEWS


Gold hovered near its lowest in over a week on Wednesday as Asian stocks rose amid indications that Britain would vote to remain in the European Union.    Bullion fell nearly 2 percent on Tuesday in its biggest one-day loss in a month, touching its weakest since June 10 at $1,264.10 an ounce. 

   

That came after two opinion polls on Monday suggested it was increasingly likely Britain would choose to stay in the EU. A vote on June 23 by Britain to leave the 28-member EU, dubbed "Brexit," could tip Europe back into recession, putting more pressure on the global economy, thereby increasing the safe-haven appeal of bullion. 


Spot gold was nearly flat at $1,268.49 an ounce at 0351 GMT. U.S. gold was down 0.1 % at $1,271.40 an ounce. 


SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.39 % to 912.33 tonnes on Tuesday, the highest since September 2013.

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