Gold today retreated, after its biggest two-day surge in seven years, as global markets stabilised on speculation policy makers may do more to curb the post-Brexit fallout.  

Gold traded at USD 1,308.65 an ounce. Prices have climbed 23 per cent this year. Silver also dropped 0.5 per cent to USD 17.64 an ounce. 

 Bullion fell 1.2 per cent as European equities and the pound climbed for the first time since the UK voted to leave the European Union. 

 Concern that an exit will disrupt the global economic recovery had caused market turmoil and boosted gold by 5.4 per cent in just two days as investors sought a haven.

London, Jun 28 (Bloomberg) Gold today retreated, after its biggest two-day surge in seven years, as global markets stabilised on speculation policy makers may do more to curb the post-Brexit fallout.

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