Forex Today: Gold surges to new record high on Easter Monday

Gold surges

In a remarkable surgeon Easter Monday, the price of gold soared to unprecedented heights, setting a new record high in the forex market. As financial markets reopened after the holiday weekend, investors were greeted with a flurry of activity, particularly in the precious metals sector. Gold, often considered a haven asset, experienced a dramatic rally,…

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Swiss National Bank sold forex worth nearly $150 billion in 2023

Swiss National Bank sold forex

ZURICH (Reuters) – The Swiss National Bank sold foreign currency worth 132.9 billion Swiss francs ($149.51 billion) in 2023, the central bank said on Tuesday, showing its increased emphasis on supporting the Swiss franc as a shield against imported inflation. The figure was a massive increase from 22.3 billion francs in foreign currencies sold by…

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