{"id":15712,"date":"2012-02-02T09:06:23","date_gmt":"2012-02-02T08:06:23","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/15712\/further-intervention-from-snb-should-have-less-impact-on-gold-than-last-year\/"},"modified":"2012-02-02T09:06:23","modified_gmt":"2012-02-02T08:06:23","slug":"further-intervention-from-snb-should-have-less-impact-on-gold-than-last-year","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/15712\/further-intervention-from-snb-should-have-less-impact-on-gold-than-last-year\/","title":{"rendered":"Further Intervention from SNB should have Less Impact on Gold than Last Year"},"content":{"rendered":"

Gold remained firm in European session with the benchmark Comex contract hovering around 1750. Given the turmoil in the Eurozone, Swiss franc has once again become a safe haven. Speculations have fueled that the SNB may resume intervention as the franc has risen against both the US dollar and the Euro in recent day. From the lesson in September last year, the fall in Swiss franc would trigger selloff in gold. While history may repeat should the SNB intervene in coming days, this should only be temporary. Given the reaction of the gold price to the January FOMC statement, the precious metal should glitter in the low-rate environment.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n

Read the rest here:
\nFurther Intervention from SNB should have Less Impact on Gold than Last Year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold remained firm in European session with the benchmark Comex contract hovering around 1750. Given the turmoil in the Eurozone, Swiss franc has once again become a safe haven. Speculations have fueled that the SNB may resume intervention as the franc has risen against both the US dollar and the Euro in recent day. From the lesson in September last year, the fall in Swiss franc would trigger selloff in gold. While history may repeat should the SNB intervene in coming days, this should only be temporary. Given the reaction of the gold price to the January FOMC statement, the precious metal should glitter in the low-rate environment. <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15712","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=15712"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15712\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=15712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=15712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=15712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}