On Wednesday, gold rose to a 26-month high, while oil continues to fall, Asian markets take a hit, and the pound sterling drops to a 31-year low.

Fears over the impact of Britain's exit from the European Union prompted investors to dump riskier assets in favor of the safer bullion.

"The market is beginning to focus on the wider euro zone risk," said Ric Spooner, chief market analyst at CMC Markets in Sydney, in an interview with Reuters.