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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: hunchback who wrote (35392)	6/16/1999 8:06:00 PM
From: Alex	Respond to of 116790

Swiss to debate gold earnings <Picture> TOP STORIES SWISS PARLIAMENT TO DEBATE CONSTITUTIONAL GOLD AMENDMENT THURS Zurich--Jun 16--The lower house of the Swiss parliament will Thursday debate an amendment to the constitution designed to regulate how the earnings from the planned sale of 1,300 tonnes of excess gold reserves by the Swiss National Bank are used. US CPI-OVERVIEW Washington--Jun 16--US consumer prices were unchanged in May, below analysts expectations for a 0.2% rise. That was the first time consumer prices have not risen since March 1998. The CPI core rate rose 0.1%, just below the expected 0.2% gain. The slowdown in inflation was caused by falling energy, apparel, tobacco and airline prices, as well as weaker gains in housing and medical care prices. HOMESTAKE CEO: CENTRAL BANK GOLD LENDING MAY BE NEARING END New York--Jun 16--Gold lending by central banks has been a key reason bullion prices have been taking a beating, but this may soon be coming to an end as banks are running out of gold to lend, Homestake Mining Co. CEO Jack Thompson said in an interview with Bridge News. Thompson said gold is close to bottoming out not only for this reason, but because demand is very robust. NY PRECIOUS METALS REVIEW: AUG GOLD DN $1.1; OTHERS EDGE LOWER New York--Jun 16--COMEX Aug gold futures settled down $1.10 at $259.90 per ounce after edging to a 5-day low of $259.70. Gold came under pressure from the dollar"s climb against the euro and a climb in bonds and equities. Gold was also made nervous by talk from the Central Bank of Russia that it intends to spend forex reserves, which include gold, to support the ruble.