Hard Brexit or not, the British pound is the key to a potential gold rally in any scenario, according to analysts.
Outlandish scenarios aside, only an extreme Brexit resolution could trigger a significant move in gold prices, analysts told Kitco News on Monday, noting that majority of the scenarios have already been priced in by the markets.
“The most likely way there will be an impact at all on the gold market is through a major shift in the exchange rate, which could cause U.K. demand for gold to significantly shift because of the massive change in the sterling gold price,” Strachan said.
KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.