Eurosystem Gold Sales 443 Tons To Date

Source:

Eurosystem central banks sold around two metric tons of gold in the week ended Sept. 21, bringing total gold sales during the third year of the Washington Agreement to 443 tons, World Gold Council Economic Advisor Jill Leyland told Dow Jones Newswires.

Eurosystem central banks sold around two metric tons of gold in the week ended Sept. 21, bringing total gold sales during the third year of the Washington Agreement to 443 tons, World Gold Council Economic Advisor Jill Leyland told Dow Jones Newswires.

Gold sales under the agreement, which covers 16 European central banks, are limited to 500 tons a year over a five-year period. The quota year runs from Sept. 27 to Sept. 26.

However, Leyland said in a telephone interview that the current data doesn't include sales in September by CBGA signatory Swiss National Bank, which isn't a member of the Eurosystem.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe