Investors shun risk and go for cash

August 2011
Fund Strategy;8/22/2011, p10
Trade Publication
The article reports that the Swiss National Bank (SNB) is trying to bring down the overvalued Swiss franc as market turmoil is affecting other safe assets like gold. Prices of Gold, which is considered as a hedge against devaluation of leading currencies, crossed 1,800 dollars a troy ounce in August 2011. Demand for Swiss Franc has also increased as investors view it as haven from financial worries in America and the eurozone.


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