Price of Gold and SPDR Gold Trust ETF GLD

: Gold for August delivery GCQ6, -0.23% shed $19.60, or 1.5%, to settle at $1,272.50 an ounce—the lowest settlement since June 8, according to Market Watch. The SPDR Gold Trust ETF GLD, -1.92% was down 1.6%. Read:How Brexit vote will shape the price of gold Global markets have been bracing for the possibility that a Brexit would unsettle markets, even temporarily. A U.K. referendum on whether Britain will exit the EU—known as Brexit—will be held Thursday, and while polls have been mixed, some have leaned toward the U.K. remaining a member of Europe trade bloc, which has dulled haven demand for the precious metal. Surveys gauging the likelihood of a Brexit have been volatile, with polls in early June showing gains in the pro-leave camp driving investors into assets perceived as safe, including gold, bonds and the Japanese yen. But gold decline makes no sense, he said. Read:Soros says Brexit aftermath will be worse than time he broke the Bank of England But the yellow metal has lost its luster with the gold market apparently focusing on the chances that the U.K. will remain in the EU. Traders expect Brexit to be rejected, said Ned Schmidt, editor of The Value View Gold Report. (news.financializer.com). As reported in the news.