• Swiss voters said “No” to Gold

•     Swiss voters said “No” to Gold

•      The gold referendum was overwhelmingly rejected by 77% of voters  

•      The precious metal fell as much as 3.3% an hour after the polls closed, to reach its lowest level since early November

•      Now that the Swiss vote is out of the way gold could weaken further

•     Overnight, China’s official manufacturing PMI declined in November suggesting that the economy is still losing momentum

•     Today is a PMI day

•      Final manufacturing PMIs for November: For Eurozone, Germany and France

•      UK: manufacturing PMI for November

•      Canada: RBC Manufacturing PMI for November

•      US: Final Markit manufacturing PMI and the ISM manufacturing index both for November

•      This week

•      Tuesday: The Reserve Bank of Australia is expected to keep rates unchanged

•      Wednesday: The US ADP employment report for November, Bank of Canada meeting

•      Thursday ECB and BoE hold their policy meetings

•      Friday: The US non-farm payrolls for November, Canada’s unemployment rate for November