- Gold's ahead by 1.4% to $1,252 per ounce - its highest level in three months - as the SNB, after nearly four years, gives up trying to defend the CHF 1.20 floor under the euro/franc exchange rate.
- With the franc higher by 14% at last check, gold is cratering in Swiss terms, but is nicely higher when measured against all other currencies.
- GLD +1.8% premarket
- The gold miiners are liking the news as well, and the GDX is up 3.6% premarket.
- Gold ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, TBAR, UBG, GLDE, BAR, GYEN, GEUR, BARS, GGBP
- Gold miner ETFs: GDX, NUGT, GDXJ, DUST, JNUG, GLDX, JDST, RING, SGDM, PSAU
- Previously: Switzerland shares crater after SNB abandons cap on euro (Jan. 15)