Gold
SMI nears record as rich commodities rally on luxury strength
The Swiss benchmark closed 0.8 percent higher at 15,065 points, just short of its record high, boosted by Richemont and Swatch, while Nvidia and gold weakened on inflation and spy headlines.
European equities rally after US midterms, DAX hits record high
European stocks rose on Thursday, with Germany’s DAX up 0.8% to a record 26,654.56 points and the Swiss SMI holding above 15,000, as optimism follows the US mid‑term results.
Swiss National Bank posts CHF 44.2 billion profit for first nine months
The Swiss National Bank reported a profit of CHF 44.2 billion for the first three quarters of 2026, driven largely by foreign currency positions.
Swiss Market Index Closes Higher as ABB and Sandoz Lead Gains
The Swiss stock exchange started the week in positive territory, with the SMI gaining 0.53 percent supported by falling oil prices and bond yields.
Investors Increasingly Shift Physical Gold Holdings to Singapore
Wealthy international investors are relocating physical gold to Singapore from locations including Switzerland, seeking secure storage amid global political and financial uncertainties.