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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: John Hunt who wrote (35485)	6/17/1999 12:21:00 PM
From: Alex	Read Replies (1) of 116790

6/17/99 - Gold fall reflects global inflation fall-Greenspan <Picture> WASHINGTON, June 17 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday the decline in the price of gold was more a reflection of a decline in global inflation expectations than the effect of central bank sales. "I"m impressed with the fact that the price of gold is falling and I"m not impressed with the fact that it"s solely the result of the fact that a number of central banks having been selling gold," Greenspan told the Joint Economic Committee of Congres "I do think that is a reflection of a global reduction in the long-term inflation outlook," Greenspan added. He said central bank officials looked at a series of commodity indicators but declined to go into details on whether any particular indicator weighed more heavily than another. REUTERS Rtr 11:55 06-17-99 (

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