Swiss SNB sells 7.7 tons of gold in 10-day period

SWITZERLAND - The Swiss National Bank sold around 7.715 metric tons of surplus gold in its latest 10-day reporting period ended 19 October, central bank statistics showed Monday.

The latest sales brought the total to around 344 tons the SNB has sold since beginning its program in May 2000 to dispose of a total of 1,300 tons of surplus gold in its reserves.

The gold operations come under a framework agreed among 15 European central banks on 26 September 1999.

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