Gold surged by the most since Britain’s Brexit vote as prospects for a Donald Trump presidency reverberated through global markets, with investors plowing funds back into haven assets as equities plunged.
Bullion jumped as much as 4.8 percent to $1,337.38 an ounce, the biggest intraday surge since June, and traded at $1,333.43 at 1:16 p.m. in Singapore, according to Bloomberg generic pricing. The advance put prices at the highest level since September and helped spur gains in the shares of gold miners.
