Netherlands plans to offload $866m of gold

The Dutch central bank plans to sell 65 tons of gold valued at $866 million when the 15-country gold sales agreement expires in September, spokesperson Tobias Oudejans said on Tuesday 17 February.

The current agreement limits participants' total sales to 2 000 tons over five years. The Dutch central bank wanted to shed 300 tons of gold when it signed the accord and had sold only 235 tons so far.

"We are seeking to sell the remainder, regardless of whether this is part of a new agreement or not,"

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