Economic security/
Gold price rise
A number of other
factors, besides the recent decision by the Swiss National Bank
to remove the franc's peg against the euro, are contributing
to the rise of gold prices today, Gold
Eagle analysts told Sputnik Tuesday.
On January 15, the
Swiss National Bank (SNB) removed the minimum exchange rate for the franc
against the euro (1.20 francs per euro), which was introduced in 2011
amid the eurozone crisis. The decision prompted investors to buy safe
haven assets in gold, leading to the growth of gold prices
in the past days.
"Certainly, the
recent SNB decision will have some short-term influence on the price
of gold. However, long-term fundamentals will surely influence the price
of gold during 2015," a researcher at Gold Eagle providing
leading analysis on gold market tendencies since 1997 told Sputnik.
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