Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Switzerland's central bank stunned markets Thursday by suddenly yanking the cap on the franc-euro rate. That immediately strengthened the Swiss franc, which soared 30% higher against the euro. At the same time, it depressed local stock prices on fears that the stronger currency would hurt Switzerland's exports to Europe. The price of gold also jumped. SPDR Gold Trust (GLD), which tracks the price changes of gold bullion, gapped up 3% Thursday. It
Switzerland's central bank stunned markets Thursday by suddenly yanking the cap on the franc-euro rate. That immediately strengthened the Swiss franc, which soared 30% higher against the euro. At the same time, it depressed local stock prices on fears that the stronger currency would hurt Switzerland's exports to Europe. The price of gold also jumped. SPDR Gold Trust (GLD), which tracks the price changes of gold bullion, gapped up 3% Thursday. It
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