Gold Price Drops Below $1,300 On Rumors Brexit Vote Could Be Postponed

By Kitco News
Thursday June 16, 2016 13:47

Editor's Note: The article was updated to include comments from Kitco's Jim Wyckoff.

(Kitco News) -Gold futures are selling off Thursday afternoon, due to rumors that the Brexit Referendum vote could be postponed after the death of a popular politician.

The selloff started as news circulated that U.K. Member of Parliament, Jo Cox was killed after being shot at least twice following a meeting with her constituents.

According to some sources, Cox, who is a member of the Labour Party was a strong campaigner for the “remain” side for the June 23 referendum on whether or not the U.K should remain a member of the European Union.