Intraday Market Thoughts

Swiss gold referendum and SNB risk

by Ashraf Laidi
Nov 10, 2014 16:29

As EURCHF falls below 1.2030, it's time to highlight the potential problems facing the Swiss National Bank, as we approach the November 30th Swiss gold referendum on whether the central bank should raise gold reserves to hold 20% of its total reserves from the current 7.8%. And given the risks to its policy-making, the SNB may have to act pre-emptively. Full charts & analysis.

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Swiss gold referendum and SNB risk - Gold Vs Chf Imm Nov 10 (Chart 1)


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