ECB: Gold Reserves Rise by 1M

Source:

"Gold holdings rose due to gold coin trades by one eurozone central bank, consistent with the latest Central Bank Gold Agreement."

Gold and gold receivables held by euro zone central banks rose by 1 million euros to 350 billion euros in the week ending April 8, the European Central Bank said on Tuesday.

Net foreign exchange reserves in the Eurosystem of central banks fell by 1.4 billion euros to 176 billion euros, the ECB said in its regular weekly consolidated financial statement.

Gold holdings rose due to gold coin trades by one euro zone central bank, consistent with the latest Central Bank Gold Agreement, the ECB said.

The Eurosystem's balance sheet contracted slighty to stand at 1.873 trillion euros, the figures showed.

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

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