Renewed central bank gold sales not disruptive

A report by London metals researcher GFMS suggests that renewed selling of gold by central banks is unlikely to be a major disruptive factor in the market, Business Day reported Tuesday 19 October.

According to Business Day the report says that demand needs to expand 2.3% to absorb additional central bank sales.

Under the terms of the new central bank gold sales agreement between the European Central Bank and 14 other central banks setting a limit on gold sales, there will be a programme of sal

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