Gold's recent sell-off belies its long term attractiveness and investors should avoid the panic and stay faithful to the precious metal, Dominic Schnider, Commodities expert at UBS Wealth Management told CNBC Thursday.
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The euro clung to gains against the greenback on Friday, boosted by key central banks coordinated action to add liquidity to the European banking system, but the rally is unlikely to last as the Greek debt crisis remains in a critical state.
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The Swiss central bank's decision to set a limit on how much the Swiss franc can appreciate against the euro is "a huge mistake," investor Jim Rogers, chairman of Rogers Holdings, told CNBC.com on Wednesday.
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The Swiss National Bank (SNB) came out fighting Tuesday, announcing its intention to set a minimum exchange rate for the Swiss franc against the euro, in a move which sent European shares and the price of gold up.
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Did QE2 really work and will Bernanke hint at more easing this week? Insight with Ron Insana, CNBC Contributor, and Tom Porcelli, RBC Capital Markets.
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Daniel Hui, Senior FX Strategist at HSBC, believes that Asian currencies are set to appreciate, especially KRW, SGD and CNH in the absence of global systemic risks.
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South Korea's central bank on Friday raised its policy rate by a quarter point after holding it steady for the past two months, going against market expectations for no change and despite signs of a slowing economy and risks from the euro zone.
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Economic data on both sides of the Atlantic pointing to a slowdown is rattling investors' nerves and is likely to keep them on the sidelines for the rest of the month, Barclays Capital expects.
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A check on commodities and currencies ahead of the FOMC minutes, with Bob Gelfond, MQS Asset Management and Kathy Jones, Schwab Center for Financial Research.
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