🇦🇺

Swiss Bank Sells Half It's Gold As Precious Metal Prices Reach All-Time High

Video Credit: Wochit News
Published on July 28, 2020 - Duration: 00:34s

Swiss Bank Sells Half It's Gold As Precious Metal Prices Reach All-Time High

Business Insider reports that Swiss private bank Lombard Odier sold half its gold position.

The move comes despite its surge to record levels.

The bank's chief economist Samy Chaar said: "We see a bit of vulnerability at the current price levels." Chaar said the negative economic outlook in the US was not sustainable.

He said real interest rates will eventually recover and that could keep gold prices volatile.

Advertisement

You are here


💡 One News Page Knowledge: Other News Mentions

Bank Lombard Odier & Co

Swiss private bank


Related videos from verified sources

Will Gold Hit $2,000 An Ounce? 00:35
Video credit: Wochit News - Published on August 13, 2020 

Gold Predicted To Surge 90% 00:27
Video credit: Wochit News - Published on August 10, 2020 

BoA: Reasons To Buy Discount Store Stocks 00:50
Video credit: Wochit - Published on August 6, 2020 

You might like