ECB gold reserves - EUR35M in week of 8 March

GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR35 million, to EUR126.8 billion, in the week ended 8 March, the European Central Bank said Tuesday.

The ECB attributed the change in gold reserves to the sale of 3.3 metric tons of gold by a euro-zone national central bank for the purpose of issuing commemorative gold euro coins.

The ECB said the sale was in line with the Central Bank Gold Agreement of September 1999. In that agreement, which included the central

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