Gold
German gold debate rages on
The debate in Germany about the Bundesbank's gold reserves and salary bonuses is continuing.
German govt, Bundesbank set for gold clash
A long-simmering squabble between the German government and the Bundesbank over the use of Germany's massive gold reserves may come to the boil again as a result of new legislation drafted by the finance ministry, the Financial Times reported.
Report says Germany may create gold sale fund
Germany may create a special fund for the proceeds of Bundesbank gold sales in a move which could help ease central bank opposition to the sale of part of its huge reserves, according to a draft law quoted by Reuters on Thursday 2 February.
Report says CB gold sales won't meet quota
HSBC analyst Alan Williamson told Dow Jones on Friday 27 January that European central banks are highly unlikely to sell the total 2,500 tons of gold allowed under the current agreement.
Analysts sceptical over central bank gold buying
Central banks are unlikely to rush to diversify their reserves into gold in the near future due to the lengthy decision-making process and small size of the bullion market, Reuters said in a report.
Gold rises on central bank buying rumours
The gold price had been lent further momentum by investors anticipating central banks would deliver on comments they would buy gold, Bloomberg News reported.
Bank of Portugal offloads 10 tonnes of gold
The Bank of Portugal has said it has sold 10 tonnes of gold from its reserves over the past month.
Gold is more than a hedge
According to this article published on Monday 12 December, the latest idea to grip the markets is that gold is poised to become the world's fourth major currency.
Germany against gold sale to fill budget holes
Conservatives in German Chancellor Angela Merkel's ruling coalition remain opposed to using central bank gold reserves to fill budget holes, a senior lawmaker was quoted as saying on Wednesday 14 December.
Russia changes gold reserves publication rules
In January 2006 details of Russia's gold reserves will be published on the basis of gold evaluations according to quotes by the Central Bank of Russia, the bank's external and public relations department said.
India following 'passive policy' on gold
Reserve Bank of India governor, Yaga Venugopal Reddy, said on Tuesday 6 December that the federal government and the Reserve Bank of India (RBI) have been following a "passive policy" on its gold holdings.
When will Asian central banks buy into gold?
This article published on Friday 2 December asks what would happen to the gold market if central banks in Asia decided to follow the recent trend and increase their gold reserves?
Hedge funds bet Asia will boost gold reserves
According to this article published on Tuesday 29 November, hedge funds, after sending the gold price to an 18-year high, are looking to China and other Asian central banks as the next big drivers of the precious metal.
Banks' attitude 'key to gold's fortunes'
According to this article published on Friday 25 November, fresh impetus in the gold price and continued uncertainty about the outlook for the dollar could change central banks' attitude towards the gold reserves they have been inclined to sell off over…
Brown's gold sale losses pile up as price surges
According to this article published on Monday 28 November, the recent increase in the price of gold should be something of an embarrassment for UK Chancellor Gordon Brown with the Bank of England offloading 300 tonnes of gold at close to a 20-year low…
Russia says gold policy will change slowly
Russian central bank chairman Sergei Ignatyev said Friday 25 November that any change in the weighting of gold in its reserves would come in years rather than months.
Russia's central bank should boost gold - Putin
Russian President Vladimir Putin has said that Russia's central bank should pay more attention to gold in its international reserves.
Record central bank gold sales forecast
London-based GFMS is forecasting record net gold sales by central banks in 2005 of about 700 tons, up from over 500 tons in 2004, GFMS Executive Chairperson Philip Klapwijk said on Tuesday 15 November.
SARB's Mboweni on the rand
Governor Tito Mboweni yesterday said the South African Reserve Bank (SARB) favoured a "competitive" exchange rate. The country's mining and manufacturing sectors have struggled to adapt to an appreciating rand, since the currency rallied from historical…
CBs to buy more gold - Rogoff
Kenneth Rogoff told delegates attending a precious metals conference in Johannesburg that he expects central bank gold sales to be reversed in time.
Greenspan questions gold holding, notes usefulness
In testimony to Congress on Thursday 3 November Alan Greenspan said why the Fed holds gold is a very interesting question and it's one that has been debated at length on rare occasions within government.
Russia's gold, fx reserves exceed foreign debt
The Central Bank of Russia's gold and foreign currency reserves considerably exceed the state foreign debt and total more than $150 billion, President Vladimir Putin has said.
Argentina explains: Why gold?
According to this article published on Tuesday 4 October, suggestions that the Central Bank of Argentina, along with other South American nations, might increase its gold holdings has now become a realistic scenario.
Why has gold been rising?
With gold reaching a near-18 year high in trading, this article published on Monday 26 September says gold bugs are now enthusiastically talking of $500 an ounce and beyond.