Gold Rallies on Brexit and Election Uncertainty
Gold rebounded strongly in 2016, gaining 8.6% as Brexit shocked markets and the US presidential election created uncertainty. The metal touched $1,366 in July before pulling back after Trump's victory.
Start Price $1,060
End Price $1,151
Annual Return +8.6%
Key Events in 2016
- Brexit referendum sent gold surging to $1,366 in July
- Trump election initially boosted gold, then strong dollar reversed gains
- Negative interest rates expanded across Europe and Japan
- Fed raised rates only once in December
Key Factors
Frequently Asked Questions
How did Brexit affect gold prices in 2016?
The unexpected Brexit vote in June 2016 sent gold surging nearly 5% in a single day, reaching $1,366 per ounce in July as investors fled to safe-haven assets amid uncertainty about the European economy.
What was gold's return in 2016?
Gold returned approximately 8.6% in 2016, rising from $1,060 to $1,151 per troy ounce, making it one of the best-performing major assets that year.
Important disclaimer
This website is for informational purposes only and is not financial advice. Always speak with a licensed financial advisor before making investment decisions.