SNB makes profit on forex and gold

The Swiss National Bank has said it expects to have made a profit for 2011 thanks to gains from its foreign currency positions and a rise in the value of its gold holdings. The 13 billion franc (10.7 billion euros) profit compares to a 26 billion franc loss on its forex holdings in 2010 -- its biggest ever -- due to currency interventions to weaken the franc. ... http://www.euronews.net/