Gold Rallies As Swiss Abandon Euro FLoor
- Gold’s ahead by 1.4% to $1,252 per ounce – its highest level in three months – as the SNB, after nearly four years, gives up trying to defend the CHF 1.20 floor under the euro/franc exchange rate.
- With the franc higher by 14% at last check, gold is cratering in Swiss terms, but is nicely higher when measured against all other currencies.
- GLD +1.8% premarket
- The gold miiners are