| Gold Prices sank 1.7% late in London trade Wednesday, erasing most of the last week's gain as the latest opinion poll of the upcoming Swiss referendum put the "Yes" camp well short of a majority.
Prompted by a petition under Switzerland's "direct democracy" rules, the referendum will on Sunday 30 November ask voters whether the country's central bank should boost its gold holdings to 20% of reserves from the current 8%. The Swiss National Bank could then neither sell gold in future, nor store any of its holdings – likely swollen from 1040 tonnes today to nearer 2,500 or more – outside the country....................................Full Article: Source
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