Buba eyes 400-600 tonne gold sale in new pact

A report says that the Bundesbank is considering selling between 400 and 600 tonnes of gold from late 2004 to 2009. Bundesbank President Ernst Welteke declined to comment on details of any deal ahead of discussions in the spring among central banks to renew the gold sale agreement.

Source: Reuters

The Bundesbank is considering selling 400 to 600 tonnes of gold between late next year and 2009 as part of a new gold agreement, Germany's Boersen Zeitung newspaper reported on Monday.

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