Eurozone CB Gold Holdings Rise 1M Euros

Source:

"Gold holdings rose due to a purchase by one eurozone central bank."

Gold and gold receivables held by eurozone central banks rose by 1 million euros to 352.093 billion euros in the week ending July 16, the European Central Bank (ECB) said on Tuesday.

Net foreign exchange reserves in the Eurosystem of central banks rose by 100 million euros to 191.3 billion euros, the ECB said in its regular weekly, consolidated financial statement.

Gold holdings rose because of a purchase by one eurozone central bank, consistent with the latest Central Bank Gold Agreement.

The bank's balance sheet, which now includes the government bonds it is currently buying as part of its bid to calm the eurozone debt crisis, totaled 1.987 trillion euros the statement showed, down almost 18 billion from a week ago.

For details of the report, please see the website: www.ecb.int/press.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe