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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: IngotWeTrust who wrote (49378)	2/21/2000 5:24:00 AM
From: Alex	Read Replies (1) of 116764

BOE says gold auctions not causing undue dips in spot market price Dubai--Feb 20--Clifford Smout, head of foreign exchange at the Bank of England, defended the UK Treasury's decision to sell gold through auctions by claiming that the average price achieved by the auctions was the same as that achieved by the market. He noted the auctions averaged US $274.99 per ounce versus the market's $275.32 over the period since the BOE made its announcement. (Story .10970)

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