Swiss Nat Bank to sell 284 tonnes gold by Sep 2004

The Swiss National Bank said on Friday 26 September that it plans to sell 284 tonnes of gold from excess reserves by the end of September 2004 and aims to offload another 130 tonnes in 2005.

Source: Reuters

The Swiss National Bank will put another 284 tonnes of gold from excess reserves on the market by the end of September 2004 and sell 130 tonnes in the year after that, the central bank said on Friday.

It said it had sold 886 tonnes since May 2000 under a 1999 accord that limits sales by major

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