Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz.
© REUTERS/ Leonhard Foeger
Russia Might Implement Gold Standard to Boost Economy: Expert
MOSCOW, January 19 (Sputnik), Kristian Rouz – One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading to exceed the psychological threshold of $1,300/oz., as investors in Asia-Pacific and Europe are gravely concerned with the sudden fluctuations in the Swiss national currency’s FX rate and today’s crash in mainland China’s stock markets.
Continue reading Gold is the New Cash
Tag Archives: Swiss National Bank
Swiss National Bank De-pegging of Franc Could End Euro
Last week, the Swiss National Bank decided to abandon the cap of its own currency, and allowed it to appreciate against the Euro. This move prompted investors to move away from the Euro in favor of gold and silver.
Interestingly, this Swiss move comes just a few days from the BRICS financiers’ meeting at the sidelines of the Davos Summit 2015.
Continue reading Swiss National Bank De-pegging of Franc Could End Euro
