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In July gold continued its strong 2016 run as proactive investment demand for gold continues to drive the market and ineffective monetary policies set the stage for more potential global economic issues.
macroeconomic surprises raised global financial risks in June, and propelled
gold. On June 24, the day following the historic Brexit decision, gold reached
a new two-year high of $1,359 per ounce. Gold finished up 8.8% in June.