Commodity Trade Mantra

Posts Tagged ‘EURCHF’

SNB Warning Gold Initiative "Fatal Error Of Judgment" Sparks EURCHF Peg Test

Thomas Jordan, president of the Swiss National Bank, warned adoption of the so-called ‘Save Our Swiss Gold’ initiative would be a “fatal error of judgment.” With the vote looming on Nov 30th, Jordan explains that maintaining stable prices would be harder to achieve if the call for gold repatriation and increased reserves is approved.

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