ECB gold reserves declined to 26 April

GERMANY - The European Central Bank said Tuesday that the Eurosystem's net reserves in gold and gold receivables declined by EUR306 million to EUR139.5 billion in the week ended 26 April.

The ECB attributed the change in gold reserves to the sale of 30 metric tons of gold by a euro-zone national central bank.

The gold disposal is consistent with the Central Bank Gold Agreement of September 1999 known as the Washington Agreement, the ECB said. In that agreement, which included the central banks