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2016-06-24 — nbcnews.com
Blindsided by the winning "Leave" vote, global investors fled the market in search of safe havens such as gold, the Japanese yen, and U.S. Treasuries. As investors scrambled for any port in a storm, the dollar rose by more than 3 percent -- the most in one day since 1978 -- and gold soared to a two-year high, reaching 1,000 pounds an ounce.
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"It's going to be ugly," Mike Ellingsen, a trader at U.S. Global Investors Inc in San Antonio, Texas, told Reuters. "Obviously markets were not pricing this in."
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