Gold

ECB net forex reserves

GERMANY - The Eurosystem's net foreign currency reserves decreased by EUR0.1 billion to EUR255.3 billion in the week ended 14 December.

S Africa's Nov gold, For Ex reserves up 9.4%

SOUTH AFRICA - South Africa's gold and foreign exchange reserves rose 9.4% to 77.7 billion rand ($1=ZAR10.8755) in November from ZAR71.00 billion in October, the South African Reserve Bank said Friday.

ECB gold reserves unchanged 30 November

EUROPE - The Eurosystem's net reserves in gold and gold receivables was unchanged at EUR128.23 billion for the week ended 30 November, the European Central Bank said Tuesday.

China's gold mining embraces reshuffle

CHINA - China's gold mining industry plans to form 12 internationally competitive groups by 2005 to meet challenges from the deregulation of the domestic gold market driven by the nation's accession to the World Trade Organization (WTO).

Shanghai opens gold exchange

CHINA - China's gold markets will reach a milestone today with the low-key opening of a new exchange in Shanghai to trade the precious metal, which has been controlled by a rigid state monopoly for more than five decades.

ECB gold reserves in 2 Nov week

GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 2 November, the European Central Bank said Tuesday.

Russia's Gokhran to buy gold for central bank

RUSSIA - Russian precious metals depository Gokhran will buy 40 metric tons of gold in 2002 from domestic commercial banks for the Central Bank of Russia's reserves, Gokhran official Valery Goncharov told reporters Monday.

GATA - Howe lawsuit goes to Boston hearing

US - A hearing in GATA consultant Reginald H. Howe's gold market manipulation lawsuit against the Bank for International Settlements, the U.S. Federal Reserve Board and Treasury Department, and five bullion banks will be held at 2 p.m. Monday in U.S…

Russian reserves growing

RUSSIA - Russia's gold and foreign exchange reserves grew from $38.6 billion to a new peak of $38.8b in the period between 19 October and 26, 2001.

China's gold exchange launch seen on 28 Nov

CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.

ECB gold reserves to 26 October

GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.

ECB net gold reserves decline in Oct 12 week

GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 12 October, the European Central Bank said Tuesday.

Deadline passes for banks to meet new rules

BRAZIL - Last Friday 12 October saw the passage of the deadline for banks to meet the decision of the National Monetary Council (CMN), taken at its last meeting, demanding that the institutions have more equity to meet operations with foreign exchange…

Vietnam central bank takes steps to rein in gold

VIETNAM - The central bank will sell more gold to the domestic market in an effort to curb the upward spiralling price of the yellow metal following the events of 11 September in the United States, said deputy central bank governor Duong Thu Huong.

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