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Gold hit two week lows on Thursdays as the British public took to the polls to decide whether they should leave or stay in the European Union.
Gold is being slammed in early Asian trade on Friday, continuing to unwind as investors dump the perceived safe haven as fears over a UK Brexit continue to subside.
In recent trade the spot gold price is fetching US$1,251.51 an ounce, down 0.3% for the session.
It has now lost 5% since hitting a two-year high of US$1,315.55 an ounce on June 16.
The result of the referendum is expected to be announced around 7am UK time on Friday.
Reference: Proactive Investors, Business Insider
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