published Jun 19th 2016, 8:24 pm, by Jasmine Ng

(Bloomberg) —

Gold tumbled as a poll showed a tilt in favor of Britain remaining in the European Union just days before a historic vote, hurting demand for haven investments.

Bullion for immediate delivery fell as much as 1.1 percent to $1,284.91 an ounce before trading at $1,286.43 at 9:11 a.m. in Singapore, according to Bloomberg generic pricing. That pared this year’s gain to 21 percent.

Gold has benefited in the past three weeks amid concern that Britain’s voters may opt to leave the EU in the June 23 vote, with bullion rising to the highest level in almost two years. The poll from Survation for the Mail on Sunday newspaper showed 45 percent of people backed the “Remain” camp, while 42 percent supported “Leave.” Last week’s death of pro-Europe British lawmaker Jo Cox spurred a marked reduction in bets on a Brexit win.

To contact the reporter on this story: Jasmine Ng in Singapore at jng299@bloomberg.net To contact the editors responsible for this story: Jason Rogers at jrogers73@bloomberg.net Jake Lloyd-Smith, Keith Gosman
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