Gold prices SOAR – because investors believe Le Pen’s Frexit could DESTROY Europe
GOLD prices have jumped to their highest level in two months, as market fears escalate over the future of the European Union (EU).
By LANA CLEMENTS
Express.co.uk
Tue, Feb 7, 2017
Prices of the precious metal hit $1,236 amid the rising popularity of French presidential candidate Marine Le Pen.
The right-wing politician this week pledged a ‘Frexit’ vote should she win the national elections later this year.
Investors are also nervous over Donald Trump’s controversial policies, particular his travel ban on people from seven predominantly muslim countries.
Gold is considered a safe haven asset, and prices typically rise during uncertain and volatile times.
During the financial crisis prices reached an all-time high of $1,900.
Values could carry on creep up in the coming months, amid the risk of major upsets and possible ruptures in Europe, according to experts.
German Chancellor Angela Merkel’s popularity is also declining ahead of German elections this year.
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