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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.64+1.2%4:00 PM EST

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To: menanna who wrote (12771)6/9/1998 12:22:00 PM
From: Henry Volquardsen  Read Replies (1) of 116815
 
Any news on the Euro gold backing?

Wim Duisenberg, the President of the European Central Bank, said this morning that a decision had not yet been made, and need not be made yet, on what percentage of ECB reserves would be held in gold. He said, however, that the consensus among central bankers was that something in the range of 10 to 15%. There were rumours yesterday that the number might be as high as 25%.

Henry
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