News Headline Summary

Market talk of an earlier unwind of long gold positions into peripheral bonds as investors move out of CHF - unconfirmed

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Update details:

- Earlier weakness was seen in CHF following the note to investors by Credit Suisse that they will charge negative rates on CHF holdings.
- Spot gold trades lower on the day by USD 10.35, with downside in the metal seen in early trade.

Print 11:03, 04 Dec 2012 - Market Analysis - Source: RANsquawk