Gold price 'largely flat' on hung parliament result

London (June 9)  Mining Capital's Alastair Ford says the gold price was largely flat on the back of the news of a hung parliament in the UK general election.

''It was up in sterling terms because sterling fell as a result of the election and because of the uncertainty around the British economy itself''.

''In overall terms when the gold price moved on Brexit that was because of the uncertainty that was cast over the entire European Union''.

Ford adds: ''This is quite a localised event ... I don't think we're likely to see any of the coming events now really reflecting in the gold price''.

Source: ProactiveInvestors