Gold market calmer on Welteke reassurance

GERMANY - The gold market was reassured by the statement made by Bundesbank President Ernst Welteke on Thursday that the international agreement limiting gold sales by central banks was worth extending once it expired at the end of 2004 and that any German sales would be part of that agreement.

"I believe the agreement has proven its value. I personally believe it should be extended," Welteke said at the Bundesbank's annual news conference.

After this, according to market sources, it will be

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: