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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.21

-0.4%

4:00 PM EST

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To: Rarebird who wrote (50086)	3/6/2000 4:40:00 PM
From: long-gone	Read Replies (1) of 116815

Call it manipulation or something else, the UK will not be able to move POG as much in the future: Treasury sets six more gold sales Source: The Independent - London THE TREASURY said yesterday it would sell 150 tonnes of gold in six auctions this year and next, in its plan to cut the UK's holdings by more than half to 300 tonnes. The final auction in the current series of five, which will sell a total of 125 tonnes of reserve gold, is set for 21 March. The gold price lost almost a dollar after the news to $287.75/$288.50 a troy ounce, from $288.70/$289.20 just before. Gold fixed at $288.50 in the afternoon, the lowest since 4 February, compared to its morning fix in London at $289.30. It closed at $287.80/$288.80 in Europe. kitco.com

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