Explanations of "Gold" investment-related terms A to Z
Support level
Support level is a key concept in Technical Analysis that is very helpful in determining the right moment to buy in an uptrend or to cover short positions in a downtrend. In other words, if gold is declining and it's moving toward a price level at which it reversed several times in the past, we can say that it's gold support level.
MoreSwiss National Bank (SNB)
The Swiss National Bank, based in Berne and Zurich, conducts Switzerland’s monetary policy as an independent central bank. It is also responsible for issuing Swiss franc banknotes. The majority of SNB’s shares belong to cantons and banks of cantons, and the smaller remainder is in the possession of private individuals. The primary goal of the SNB is to ensure price stability, which is defined as a rise in consumer prices of less than 2 percent per year. The SNB’s supreme managing and executive body is the Governing Board. It is in particular responsible for the monetary policy, asset investment strategy and international monetary cooperation.
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