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SNB profit surges thanks to gold
Summary by Financial World
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SNB profit surges thanks to gold
The Swiss National Bank (SNB) has seen a significant jump in profits this year thanks to rising gold prices. Reports show that in the third quarter, income from gold reserves reached 14.33 billion francs; three times more than in the same period last year. The bank's total profit for the period from July to September was 27.93 billion francs, or 30.09 billion euros; almost five times more than in the same period last year. The SNB currently hold…
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