The metal had experienced a 28% slump in 2013, but the Fed’s decision to taper is offering some temporary support at the start of the new year.
Those exposed to developing nations and their weakening currencies are raising hedge ratios.
Swiss bank UBS AG may have lost as much as $350 million due to technical glitches on the Nasdaq stock exchange the day Facebook went public.
Switzerland is bracing for a monumental change in a tradition of banking secrecy that has survived numerous crises over the last 75 years.
UBS AG doubled its writedowns from the subprime crisis, parted company with its chairperson and asked shareholders for more emergency capital on Tuesday in a second dramatic…
