ECB reveals gold sales; no more planned before Sep

The European Central Bank has completed a programme of gold sales amounting to 47 tons of gold, it said on Thursday 31 March.

"These sales are in full conformity with the Central Banks' Gold Agreement, dated 27 September 2004, of which the ECB is a signatory. It is not the ECB's intention to sell more gold for the first year of the agreement, starting on 27 September 2004 and ending on 26 September 2005," the ECB said in a brief statement.

Central banks have been slowly reducing their gold

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