Rich investors rush into gold, could push price back to $1,000 ounce
GenevaLunch News Rich investors are hoarding their gold, sometimes keeping it in their own vaults, the Financial Times quotes analysts as saying, as “safe haven” buying of gold and in particular gold...
View ArticleSwiss central bank results boosted by gold, improved markets
GenevaLunch News Zurich, Switzerland (GenevaLunch) – The Swiss National Bank (SNB) had cumulative profits for 2009 of CHF6.9 billion at the end of September 2009 thanks to the continuing high price of...
View ArticleSwiss franc climbing again
GenevaLunch News Zurich, Switzerland (GenevaLunch) - The Swiss franc rose against most other currencies Tuesday 11 May, while the euro wobbled: a rise in Swiss consumer confidence boosted the Swiss...
View ArticleSwiss central bank expects half-year loss
GenevaLunch News UBS stabilization fund not included: will make “significant positive contribution” Zurich, Switzerland (GenevaLunch.com) – The Swiss National Bank expects a CHF4 billion loss for the...
View ArticleRising Swiss franc a headache for businesses
GenevaLunch News Zurich, Switzerland (GenevaLunch) - The Swiss franc rose again against the US dollar, the euro and the British pound, 3 December 2010. The dollar slipped back under the franc in the...
View ArticleGold rises to record $1,600/ounce
GenevaLunch News GENEVA, SWITZERLAND – The price of gold, like the Swiss franc, continues its meteoric rise, reaching the record price of $1,600 an ounce as worries grow about the US debt ceiling...
View ArticleThe curious case of Vietnamese gold’s impact on Swiss trade balance
GenevaLunch News BERN, SWITZERLAND – Deep in the trade figures published 20 July by the Swiss government is a note that imports were down largely because no gold was imported from Vietnam. Switzerland...
View ArticleSwiss central bank shows Q3 profit of CHF5.8b despite high franc
GenevaLunch News ZURICH / BERN, SWITZERLAND – The Swiss National Bank is showing a consolidated profit of CHF5.8 billion for the first nine months of the year, thanks primarily to gold prices. The...
View ArticleSwiss central bank ends 2012 with CHF6b profit
GenevaLunch News ZURICH, SWITZERLAND – A rise in the price of gold and its own foreign currency positions in 2012 will most likely result in a profit for the year of CHF6 billion, the Swiss National...
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