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Hansen: How long will this gold rush last?

The financial world is still trying to come to terms with the momentous decision by the Swiss National Bank to remove the Swiss franc’s peg to the euro. One of the major winners has been gold which is up six percent this year with XAUEUR up 10%.

Saxo's Ole Hansen says prices could climb higher as the markets focus on next week's ECB meeting. Many now expect full-scale QE to be announced. There's also the uncertainty of the upcoming Greek election.

Meanwhile oil has had a very volatile week, moving up and down around 10%. Hansen says it's ending the week at almost the same level at which it started.

03:17 minutes
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