HM government gold auction result

UK - The Bank of England announces that the gold on offer (approximately 20 tonnes or 643, 200 ounces) has been allotted in full at a price of $268.00 per ounce. Details of the result are as follows:

Amount of gold on offer (approx.)643, 200 oz

Amount applied for 2, 387, 200 oz

Times covered3.7 times

Amount allotted to bidders644, 400 oz

Allotment price$268.00

Scaling factor at allotment price72. 3619%

All accepted bids which were made at prices above the allotment price have been allo