By Stephanie Yang
Gold prices fell to a two-week low Thursday as investors awaited results from the U.K. referendum, largely expecting for Britain to remain in the European Union.
Gold for August delivery settled down 0.5% at $1,263.10 a troy ounce on the Comex division of the New York Mercantile Exchange, marking its fifth straight day of losses.
The precious metal has suffered in the past week as sentiment has shifted to favor a “remain” vote over a potential British exit, or “Brexit,” and investors have sold safe haven gold for riskier assets. On Thursday morning, trading remained muted as the market geared up for the decision to be released overnight.