Swiss Franc Collapses 7% - Swiss National Bank to Fix CHF to EUR and Debase Currency
Currency markets have seen massive volatility this morning after the Swiss National Bank decision to fix the Swiss franc to the euro.
Gold is trading at USD 1,899.50, EUR 1,339.10, GBP 1,177.30, CHF 1,611.10 (up from CHF 1,486.50 yesterday) and JPY 146,350 per ounce. Gold is down 0.
From GoldCore Inevitable US, UK, Japan, Euro Downgrades Lead to Further Currency Debasement And Safe Haven Gold Demand Gold’s London AM fix this morning was USD 1,721.00, EUR 1,303.10, and GBP 1,091.80 per ounce. Yesterday's AM fix ... Read Post
From GoldCore Swiss Parliament Examines ‘Gold Franc’ Currency Today Gold’s London AM fix this morning was USD 1,575.75, EUR 1,233.95, and GBP 998.76 per ounce. Yesterday's AM fix this morning was USD 1,590.25, EUR 1,245.20, and GBP ... Read Post
The euro just broke through the 1.20 floor on the EUR/CHF exchange rate floor, throwing the light on the Swiss National Bank to intervene in currency markets. The strengthening Swiss franc caused the bank to set the floor back in Au... Read Post