Central-bank gold sales plunge

gold4

Central bank gold sales fell by 73% in the six months to June compared to the first half of 2008, a report out Monday showed.

The report by GFMS, a precious metals consultancy, for Société Générale said that the drop was mainly due to a fall in sales from signatories of the Central Bank Gold Agreement and small purchases from countries outside the agreement.

The agreement, which lasts up until 26 September, accounts for 40% of official-sector gold holdings, according to International Monetary

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.