A poll on the Swiss gold referendum from Swiss broadcaster SRG showed 38% support and 47% opposed; 15% are undecided. That’s more opposition than recent polls.
What many traders don’t know is that the referendum must get 50% of all votes, plus the support of more than 50% of the cantons.
There was a whole bunch of misinformation spreading around because Bloomberg had the headlines wrong and then had the correction wrong but the information above is right.
SNB poll
The poll shows a 6 percentage point drop in support.