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To: SSP who wrote (10489)	9/27/1999 10:14:00 AM
From: SSP	Read Replies (1) \| Respond to of 150070

LONDON (AFX) - The World Gold Council welcomed the decision by 15 European central bansk to freeze their gold sales and said some 90 pct of global gold reserves are now affected by sales or lending restrictions. WGC manager Robert Pringle said the central banks together hold about 50 pct of world gold reserves, but that other major gold reserve holders -- including the U.S. Federal Reserve, the IMF and the Bank for International Settlements -- have agreed to join in the sales freeze. The WGC said Australia has also decided not to sell gold in the immediate future, bringing the total amount of gold affected by sales curbs to about 90 pct world reserves. Pringle said the measure will substantially put a stop to the widespread rumours and speculation which have been besetting the marke