Buba says no gold sales until Sep 07

Germany's central bank said Thursday 5 October it doesn't intend to sell gold reserves during the next 12 months except some sales for coinage.

The Bundesbank is entitled to sell up to 120 metric tons of gold a year until 2009 under the European Central Bank's Gold Sales Agreement.

"Apart from sales to mint coins the Bundesbank won't sell gold in the third year of the European agreement," a Bundesbank spokesman said.

But the bank is in contact with other central banks to transfer its third year

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