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Swiss National Bank losses $20bn due to falling gold prices

Cecilia Jamasmie | July 30, 2013 | 2:40 pm Precious Metals Europe Gold 

The Swiss National Bank said Tuesday it lost US$20 billion in the second quarter of this year due to the significant drop in the value of its gold reserves. Despite the negative figure, the Zurich-based institution reported a profit of $6.2...

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