Swiss central bank hard hit by gold price fall

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Swiss central bank hard hit by gold price fall
Global_Intergold / Pixabay

Swiss central bank hard hit by gold price fall (via AFP)

Switzerland’s central bank said on Monday it lost billions in 2013 amid a sharp drop in gold prices and that it therefore would not pay dividends to Bern or the Swiss cantons. The Swiss National Bank (SNB) said it expected to report a loss of 9.0 billion…

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