Sales remain within Gold Agreement Limit

Gold sales by the 16 signatories to the Central Bank Gold Agreement between 27 September 2006 and 26 September 2007 amounted to 475.75 tonnes, 24.25 tonnes shy of the 500 limit, the Bank for International Settlements said on Wednesday.


In the 12 months to end September 2008 the Bundesbank will sell only enough bullion to mint coins. "There are no plans for any further sales as part on the fourth annual quota of the Gold Agreement," the Bundesbank told Reuters in a statement after a