It is a calm before the storm type of atmosphere in the U.K. as people prefer to stay on the sidelines to see which way Brexit is going to go before investing their money into gold, according to Goldex CEO and founder Sylvia Carrasco.
The gold market in the U.K. has people waiting out the Brexit uncertainty without making any sudden moves, Carrasco told Kitco News in an interview.
“Now, we are in calm waters. We have only seen people standing on the sidelines. It is like a tranquil swimming pool and this will remain until we know what is happening with Brexit,” she said, noting that this type of behaviour is visible in every type of business.
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.