✉news BusinessBanking first seen 2 d ago, last 2 d ago, peak #4
Swiss central bank posts $23 billion profit on gold surge
Original: Swiss central bank posts bumper $23bn profit as gold, foreign assets soar
The Swiss National Bank reported a profit of roughly $23 billion, driven by rising gold prices and gains on its large foreign currency holdings. The result marks a strong rebound for the bank, whose valuation gains on gold and foreign assets lifted its bottom line, drawing attention from markets and analysts tracking central bank balance sheets.
Why now: A large central bank reporting a substantial profit amid soaring gold prices is notable news for markets and monetary policy watchers.
Swiss National BankSwitzerland
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