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September 6th, 2011 
FAKE NEWS for the Zionist agenda Gold is trading at USD 1,899.50, EUR 1,339.10, GBP 1,177.30, CHF 1,611.10 (up from CHF 1,486.50 yesterday) and JPY 146,350 per ounce. Gold is down 0.18% in dollar terms and strong physical demand continues at these levels.
Just prior to the announcement, spot gold for immediate delivery had risen to a new record nominal high of $1,921.15/oz in early morning trading in Europe.
Cross Currency Table
Then just before 0900 hours GMT came the news that the Swiss National Bank has decided to fix the country’s exchange rate at 1.20 Swiss francs per euro. The SNB indicated it would buy an unlimited amount of euros regardless of the risk to maintain that value.
- A d v e r t i s e m e n t
In a matter of minutes, gold fell 3% from the high of $1,921.15 to an inter day low of $1,862.72. It then recovered as quickly and surged back to over $1,912/oz.
Gold’s London AM fix this morning was USD 1,891.00, EUR 1,330.75, GBP 1,172.86 per ounce. Gold fixed lower in all currencies (USD 1,896.50, EUR 1,341.13, GBP 1,174.67 per ounce).
The SNB announced the currency fix because of what it called “the current massive overvaluation of the Swiss franc.”
It said it will “no longer tolerate” an exchange rate below the minimum rate of 1.20 francs, which it said is still high.
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