WGC reaffirms, central banks should not sell gold

AUSTRALIA - The World Gold Council is continuing to ask European central banks to leave their reserves alone rather than putting quantities of gold up for auction, WGC managing director Robert Weinberg said Tuesday.

Speaking on the sidelines of the Australian Gold Conference, Weinberg said recent discussions with Germany's Bundesbank over renewal of the Washington Agreement-the accord limiting global central bank gold sales to 400mt/year-involved persuading the bank to hold onto its gold reser