Gold Price Monitor Message Board

STOCKTALK

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.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.63

-1.4%

4:00 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alex who wrote (23321)	11/23/1998 5:27:00 PM
From: goldsnow	Read Replies (3) of 116741

VIENNA, Nov 23 (Reuters) - The European Central Bank (ECB) will value its gold reserves at market prices, Dutch Central Bank President Arnout Wellink said on Monday. ''They will be valued at market prices. That has been decided,'' the central banker told Reuters at the European Finance Convention in Vienna. He did not elaborate. The central banks of the 11 nations which will participate in the launch euro from January 1 use different methods to value their gold reserves, ranging from market levels to the historical low price used by the Bundesbank. European Central Bank President Wim Duisenberg said earlier in Brussels that the ECB had not yet taken any position about how gold would be valued in its foreign currency reserves. The ECB has said it will hold 15 percent of its reserves in gold, but has not said what book value will be assigned to that amount. ((Mark Thompson, Vienna Newsroom +431 531 12274)) Copyright 1998 Reuters Limited.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next