Report says CB gold sales won't meet quota

HSBC analyst Alan Williamson told Dow Jones on Friday 27 January that European central banks are highly unlikely to sell the total 2,500 tons of gold allowed under the current agreement.

He told the Newswire that under the current five-year Central Bank Gold Agreement total confirmed and probable sales currently stand at 1,441 tons, of which 599 tons has already taken place and a further 842 tons are expected to take place while the Agreement is in place.

"Within this category we have included

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