A $59.1 billion Swiss bank sold half its gold holding, even as the precious metal breaks to new record highs

A $59.1 billion Swiss bank sold half its gold holding, even as the precious metal breaks to new record highs

Business Insider

Published

· Swiss private bank Lombard Odier said it sold half its gold position 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."
· He said the negative economic outlook in the US was not sustainable and real interest rates will eventually...

Full Article