European central banks strike new gold agreement
Washington agreement renewed for the third time
Europe's leading central banks will continue to coordinate their gold transactions over the next five years, but they have agreed to scrap the limit on sales after selling just 200 tonnes since 2010.
Every central bank in the eurozone – including the European Central Bank (ECB) – and those in Sweden and Switzerland will "continue to coordinate their gold transactions so as to avoid market disturbances" under the new agreement.
This is the fourth pact of its kind. The first was struck in
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