SNB announces next tranche of gold sales

The Swiss National Bank announced today (Friday 23 March) that it will sell will sell another 100 tons of gold in regular transactions through the end of September. This continues the SNBs disposal of 1,300 tons of surplus gold in line with the 1999 Washington agreement among 15 European central banks governing sales of surplus gold.

Rather than selling this gold throught the Bank for International Settlements, the SNB will offload this gold directly on the market through "first-class"

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