Swiss have voted against Gold referendum by Milan Cutkovic

  • The latest SRF estimates show that 78 % of the Swiss voters have voted against the Gold initiative
  • With such a clear outcome, this topic will be off the table for quite some time ahead
  • A relief-rally in EUR/CHF is very likely at today’s Asia open, while Gold could be under pressure in the early session
  • We will post the first interbank quotes at 18:00 GMT

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