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

To: Bobby Yellin who wrote (30909)	3/31/1999 6:50:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

Gold lending takes place in a relatively narrow market. In 03:22 a.m. Mar 31, 1999 Eastern ''Gold lending takes place in a relatively narrow market. In order not to disrupt prices, the National Bank conducts it cautiously and lends only a modest part of its gold holdings,'' it added in an advance copy of its annual report. ''Its partners are first-class domestic and foreign banks and securities houses,'' it said. For its end-1998 balance sheet, the SNB listed 11,045.5 million Swiss francs in gold, down 402.7 million from the end of 1997 as a result of lending operations. It had 2,228.2 tonnes of gold bars and 175.2 tonnes of gold coins. It listed another 884.6 million francs as claims against gold transactions, up from 458.3 million at the end of 1997. ((Zurich newsroom +41 1 631 7340 fax +41 1 202 5538, zurich.newsroom+reuters.com)) Copyright 1999 Reuters Limited.