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Five Reasons Gold Is Higher After Swiss Vote
On Sunday, Switzerland asked citizens if the central bank should hold a minimum 20% of its assets in gold, not be allowed to sell it off, and store it all at home. The initiative failed, with 78% voting against.
A "yes" vote would have been particularly bullish for gold. But despite the "no" vote, gold prices rose anyway.
On Sunday, Switzerland asked citizens if the central bank should hold a minimum 20% of its assets in gold, not be allowed to sell it off, and store it all at home. The initiative failed, with 78% voting against.
A "yes" vote would have been particularly bullish for gold. But despite the "no" vote, gold prices rose anyway.