Gold surged to the highest level in more than two years in a frantic global hunt for haven assets as Britain’s voters were projected to back leaving the European Union after a historic poll.
Bullion for immediate delivery jumped as much as 8.1% to $1 358.54 an ounce, the highest price since March 2014, and traded at $1 328.90 at 5:09 a.m. in London, according to Bloomberg generic pricing. The rally was the biggest daily jump since 2008, setting off a surge in shares of gold producers.
