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

To: long-gone who wrote (40282)	9/14/1999 12:28:00 PM
From: Alex	Respond to of 116759

World Gold Council attacks UK's planned gold sale LONDON (AFX) - The World Gold Council attacked the announcement by the Bank of England yesterday of a planned gold auction on Sept 21. "We deeply regret the fact that the UK Treasury has - against a welter of public criticism - decided to pursue this policy of selling some of the country's gold reserves by auction," World Gold Council chief executive Haruko Fukuda said. The WGC added that it "seems perverse" of the Treasury to stick to a policy which undermines not only the UK's economic security but which weakens the prospects for growth among developing nations through its adverse impact on gold producers in these emerging markets. The BoE's auction is the second of a planned series of auctions of the UK's gold reserves. ln/ln/ For more information and to contact AFX: www.afxnews.com and www.afxpress.com ¸ Copyright 1999, The Nasdaq Stock Market, Inc. All Rights Reserved. nasdaq.co.uk