SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Fidelity Select Sector funds

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dan P who wrote (4244)2/20/2002 11:23:20 AM
From: lightwave51  Read Replies (2) of 4916
 
NEW YORK, Feb 20 (Reuters) - Longs continued to sell out of
COMEX gold in early trade Wednesday, building on Tuesday's
momentum despite a Bundesbank clarification that it had no
plans to sell large amounts of bullion in the near term.

A Buba spokesman told Reuters that Germany is abiding by
the 1999 Washington Agreement limiting central bank gold
disposals, but made no promises beyond 2004, when the
five-year pact limiting European government sales to 400
tonnes annually expires.

The spokesman was reacting to Tuesday's market-rattling
remarks by Bundesbank President and European Central Bank
council member Ernst Welteke in an interview with Bloomberg
News, in which he said Germany could slowly sell some of its
gold to diversify its reserves into higher-yield assets.

reuters.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext