Global spot gold prices rose as much as almost 5% immediately
after the results of Britain's Brexit referendum last week to
touch $US1357 ($NZ1916) on Friday, but eased to trade around
Diversified investment company Hellaby Holdings has accepted
an $81million offer for its equipment division, using the
proceeds to pay off debt and move further into its targeted
automotive and resource services sectors.
The British pound continued to slide yesterday as turmoil
abounded in European and US sharemarkets, while bourses in
the Asia-Pacific region initially began retracing losses
sparked by the Brexit vote on Friday, then fell back.
Stellar growth in Queenstown failed to buoy Otago's overall
economic confidence, with the province being one of five
across the country showing a decline in sentiment, although
still in positive territory.