2016 was gold's first strong year after the 2015 bottom, as the metal rebounded on a more cautious Federal Reserve and renewed uncertainty. The surprise Brexit referendum in June sent a jolt through markets and a bid into gold. Though the metal gave back some gains late in the year, 2016 confirmed that the post-2011 bear market had ended and a new, slower uptrend — one that would accelerate through the 2020 pandemic — had begun.
Key events of 2016
- 2016-06-23
Brexit vote
Britain votes to leave the EU; gold spikes on the shock.