In yesterday’s post we focused on several economic events that weakened the position of the Swiss National Bank (SNB). In an extension and replacement of the post, we give several reasons for recent movements of the gold price and explain the correlation between German economic data, gold and the Swiss franc. IFO data shows that Germany will not see a crisis The IFO data about German business expectations has shown that Germany is unlikely to be dragged into a crisis. The value increased from its low in September of 93.2 to 97.9, higher than all estimates. Investors and trading algorithms often associate the Swiss ... (full story)