Gold rose a second day as financial markets continued a selloff following the UK’s vote to exit the European Union, with inflows into bullion-backed funds surging the most by value since 2012. Bullion for immediate delivery advanced as much as 1.5% to $1 335.55 an ounce before trading at $1 326.50 at 2:27 p.m. in Singapore, according to Bloomberg generic pricing. The metal was propelled as high as $1 358.54 on Friday to a level not seen since March 2014, and the 8.1% gain was the biggest intraday jump since 2008.
