The Swiss National Bank cut the policy rate from minus 0.25% to 0.50%.
Gold was near a two-year low as investors positioned themselves for a significant rate hike from Wednesday's Fed meeting.
Subscribe to our newsletter and get notified about the next update.
© 2021 FTD Limited
FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.
The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.