Prices of oil and gold moved sharply in Asian trade as market sentiment swayed and the Brexit vote count veered between remain and leave in the lead, but appeared to show momentum going toward the leave camp.

Crude oil futures fell sharply, reversing overnight gains, and after U.S. crude held steady in earlier after-hours trading.

Benchmark light, sweet crude oil on the New York Mercantile Exchange was was recently down 6.6 percent at $46.81 a barrel, after settling 2 percent higher in the U.S. session, while Brent crude oil prices were 6.5 percent lower at $47.60 a barrel, after settling 2 .1 percent higher at $50.91 a barrel.

Safe-haven gold breached two-year highs and was most recently up 8 percent to hit $1,355 an ounce before noon in Singapore and Hong Kong, after prices hit a two-week low of $1,251.16 an ounce in the U.S. session.

Naeem Aslam, chief market analyst at Think Forex in London, said gold had been under immense selling pressure in recent days but was now having a great day, adding that the next resistance level was at $1,400.

"The precious metal is on fire and it is the real winner of Brexit situation," Aslam said. "Investors are really trying to protect their investment and we are seeing some big bets coming in the market, which is pushing the metal price higher."

(CNBC)