Gold and Swissy are trading firmly amid quiet holiday afternoon markets. Headlines that tensions between Pakistan and India are building in the wake of the terror attacks in Mumbai last month are helping underpin these traditional safe-havens. EUR/CHF trades at 1.5050, down from 1.57+ a week ago while gold is at the highs of the day at $857.20.
I’m not sure what good either gold or Swiss francs will do for you if either side pops off a nuke, but it’s better than nothing, I guess.
