European central banks strike new gold agreement

gold-rings

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 Washingt

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: