Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
In a mid-June this year, we recommended to our readers to long on the euro against the franc at the then current rate of 1.089 in an article named, “FxWirePro: Buy euro against franc targeting 1.12”, available at http://www.econotimes.com/ . Here is a part of that article,
“The geopolitical risks that have surrounded the single currency have now diminished significantly with a decisive victory by Emmanuel Macron in the French Election.
Moreover, the recent economic releases from the continent suggest that the economy has started gathering pace. Several economic dockets released today, support this theory. Data showed that French wage growth accelerates at the best pace in three years. European new car sales approach pre-financial crisis high. Labor costs in Spain have stopped shrinking. While the Swiss economy is not doing bad either with its trade balance at 11 percent of GDP and the unemployment rate at 3.3 percent, the euro has a lot to gain against the franc, when we consider the risk aversion flight during the debt crisis of 2011/12.”
In addition to the above fundamentals, add the hawkish rhetoric from the European Central Bank (ECB), which is planning to gradually remove the monetary policy accommodation by slowing down the asset purchase pace. We expect the Swiss National Bank (SNB) to be the last central bank to reduce its monetary policy accommodation as inflation is lowest in the country along with government bond yield.
The euro is currently trading at 1.1 against the franc and we at FxWirePro are in favor of maintaining the above-mentioned outlook.
