Eurozone Central Banks Increase Gold Reserves by 1M Euros
Source: Reuters (2/15/11)
"Gold holdings rose due to a single euro zone central bank's trading."
Net foreign exchange reserves in the Eurosystem of central banks remained virtually unchanged at 182.1 billion euros, the ECB said in its regular weekly consolidated financial statement.
Gold holdings rose because of trading of gold by one euro zone central bank.
The Eurosystem of central bank's balance sheet contracted slightly to 1.956 trillion euros, the ECB added.