Gold
Swiss nat bank sells 9 tons gold in last 10-days
SWITZERLAND - The Swiss National Bank sold 8.975 metric tons of gold according to the latest 10-day reporting period ended 30 September, the central bank's statistical report showed Thursday 11 October.
Return of the gold bugs
ARTICLE - The price of gold could go to $340 an ounce within the next three months - and continue to soar after that.
Swiss central bank to sell 283 tonnes of gold
SWITZERLAND - Swiss central bank Schweizerische Nationalbank (SNB) has announced that it plans to sell a further 283 tonnes of gold by end September 2002.
Attacks lift oil and gold prices
GOLD - Crude oil and gold bullion prices have lost some of the sharp gains seen immediately after the devastating terrorist attacks in the US.
Banks in Fed talks over extended closure of market
US - Stock markets in the US will be closed today in the wake of the terrorist attacks which sent stock prices elsewhere in the world plunging and investors rushing for the safe havens of gold and government bonds.
Belarusian c bank's reserves 280m dollars, 10 tons
BELARUS - The gold and hard currency reserves of the National Bank of Belarus currently total 10,016 kg of gold and 280m dollars.
BIS for ex head says gold lending is well ordered
EUROPE - Giacomo Panizzutti, head of foreign exchange at BIS, told The Alchemist quarterly this week that gold lending by the 15 European central bank signatories of a 1999 Washington accord "was 2,119.32 tonnes and, in accordance with the agreement, has…
World Bank to borrow gold
UK - The World Bank is set to issue its first gold bond, according to informed sources in London. The bond is aimed to attract investment from central banks, notably in emerging markets. The agents are Goldman Sachs/J. Aron, the big US investment bank (J…
Dutch central bank sold gold last week
NETHERLANDS - Data from the Dutch central bank on 21 August showed it sold gold for 39 million euros ($35.65 million) last week as part of its programme to sell 200 tonnes through 2004.
Zimbabwe c bank says support plan aids gold mines
ZIMBABWE - Zimbabwe's Reserve Bank said today, 31 July, a support programme for gold producers introduced earlier this year had helped boost production in a sector where high costs had threatened several mines with collapse.
Dutch central bank sold gold last week
NETHERLANDS - Figures from the Dutch central bank on 24 July showed its gold reserves fell by 20 million euros last week.
China - Gold exchange may be coming
CHINA - China plans to establish a National Gold Exchange (NGE) this year, another step towards reforming its gold trading market.
Russian gold and currency reserves grow by $500m
RUSSIA - The PR department of the Central Bank has reported that between 15 June and 22 Russia's gold and currency reserves grew from $33.7 billion to $34.2 billion.
IMF backs gold
US - A senior IMF official has made a statement about gold that in the view of experts is the first of any significance made since the Board's discussion of this subject in 1995.
IMF deal forbids Russian bank gold sales
RUSSIA - Russia's deal with the International Monetary Fund (IMF) would forbid Moscow from selling gold from central bank reserves, even to help in emergencies, a government source said on 25 May.
HM government gold auction result
UK - The Bank of England announces that the gold on offer (approximately 20 tonnes or 643, 200 ounces) has been allotted in full at a price of $268.00 per ounce.
Central banks not to blame for weak gold price
According to a study into the gold derivatives market by Professor Anthony Neuberger of the London Business School, the five-fold increase in gold lending since 1990 cannot account for the slump in the gold price over the period.
CSFB's Crisp sees more central bank gold sales
GOLD - Governments could step up gold sales in the coming decade, with even current non-sellers mobilizing bullion, but would do so with more transparency to a market dogged by uncertainty about central bank disposals, Credit Suisse First Boston's top…
Speeches at the SNB's annual shareholder meeting
SPEECH - At the annual general meeting of the Swiss National Bank in Berne on Apr 20, the president of the Bank Council, Eduard Belser, and SNB chairman, Jean-Pierre Roth, both gave speeches to present the central bank's annual report. Belser reports on…
India's cbank tightens banks' bullion trade norms
INDIA - The Reserve Bank of India has tightened bullion trading norms for commercial banks after some of them faced potential losses from their exposure to a cooperative bank that specialises in gold trade.
Ex-Yugo states agree on division of gold reserves
YUGOSLAVIA - The five states that emerged from ex-Yugoslavia have agreed on the division of gold assets worth some $477 million, Yugoslavia's central bank governor said on Apr 11.
SNB sells another five tons of gold
SWITZERLAND - The Swiss National Bank sold 5.33 metric tons of gold in the latest 10-day reporting period ended April 10, according to SNB statistics released Apr 13.
Central banks unlikely to sell gold-BoF forex head
FRANCE - The world's central banks, which hold about 35,000 tonnes of gold, were unlikely to be big sellers, Herve Ferhani, the Bank of France's head of gold and foreign exchange, said on Apr 9, 2001.
Austrian cbank says it sold 30 tonnes of gold
AUSTRIA - The Austrian National Bank said on Apr 5, 2001 that it had recently sold 30 tonnes of gold, ending speculation about who was behind sales that came to light in European Central Bank figures on Apr 4.