Saxo Group Videos

Changing interest rate expectations and nervousness in the stock markets have recently been gold supportive. Ole says price action is likely to be driven by short-term speculation and technical decisions over the next few days. However, the Swiss gold referendum in late November is the "joker" in all this. The potential for a major upset in the gold price, and the Swiss franc, is huge and Ole's surprised this 'risk event' isn't higher on people's radar.