Gold at $400 seen as a factor in central bank pact

Accoding to a report by Reuters on Wednesday, a Group of Seven official who has been involved in initial gold talks but did not wish to be identified said "The feeling is that with gold near $410, or above $400, there's less concern the price might fall back if it takes a bit more time to reach an agreement." He was referring to the so-called Washington agreement which limits gold sales and expires in September 2004.

Reuters quotes this "expert" as saying that gold's rise above $400 an ounce

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