Gold rises after SNB cuts rates

Source: Investing.com
On Thursday gold traded at the highest levels amid Swiss National Bank cutting interest rates into negative territory. Gold might get a boost with lower interest rates, as relative gold cost is weaker and does not benefit the investors in payouts. Futures for Februarey gained $2.60 and traded at $1,237.10 per troy ounce, compared to a nearly three-month high of $1,244.60 the day earlier. The US Dollar slumped 12% versus the Swiss Franc and is considered to be beneficial for gold, as Dollar-priced commodities become cheaper for other currency holders.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.