Gold futures climbed on Monday, extending the sharp rally from the previous trading session to hold ground at their highest level in almost two years. Equities losses in the U.S. and Europe, as well as drops in the euro and British pound helped drive investment demand for the precious metal after the U.K. voted last week in favor of leaving the European Union. Gold for August delivery tacked on $2.30, or 0.2%, to settle at $1,324.70 an ounce. Prices saw their highest settlement since July 11, 2014.
Copyright © 2016 MarketWatch, Inc.
Continue Reading Below