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To: Activatecard who wrote (258863)9/4/2003 12:26:36 PM
From: zonder  Read Replies (1) | Respond to of 436258
 
If I recall correctly, Germany is signatory to the 1999 Gold Agreement that limits the sale of gold by central banks of the countries that have signed it.

Greece, the only European country that has NOT signed the agreement sold 20 tons of gold last week and that didn't affect the market noticeably.

So, I doubt if this bit of news from Germany is significant for the gold market at this point. Maybe after the expiry of the Agreement in September 2004...