Gold rallied to a more than two-year high and oil extended its losses on Wednesday, as renewed fears over the impact of Britain’s exit from the European Union prompted investors to dump riskier assets in favor of the safer bullion. Financial markets were weak across the board, with Asian stocks tumbling and sterling plumbing a 31-year low, on worries that global efforts to boost liquidity may not be enough to cushion the impact of Brexit. Concerns that financial and political instability in Italy could lead to even more chaos in Europe spooked investors further. “The market is beginning to focus on the wider euro zone risk,” said Ric Spooner, chief market analyst at CMC Markets in Sydney. Underlining strong appetite for gold, seen as a safe-haven during economic uncertainties, […]