European central bank gold sales lowest since 1999

gold1

The second year of the third Central Bank Gold Agreement ended on Monday and data showed European central bank signatories to the agreement sold a gross 1.1 tonnes of gold during the year, the lowest annual sales since the five-year agreements began in September 1999.

The current agreement permits signatories to sell 400 tonnes of gold collectively a year, until it expires in 2014.

European signatories showed a similar reluctance to sell gold last year, selling just 7.1 tonnes of the permitted 4

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: