- LONDON -- The Dutch central
bank planned to sell 65 metric tons of gold, worth $866 million, after
a 15-nation accord on such sales expires in September, spokesperson Tobias
Oudejans said yesterday. The agreement limited participants' total sales
to 2 000 tons over five years. The Dutch central bank wanted to shed 300
tons of gold when it signed the accord and had sold only 235 tons so far.
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- "We are seeking to sell the remainder, regardless
of whether this is part of a new agreement or not," Oudejans said.
He could not say whether the bank would seek to sell additional reserves
as part of any new agreement.
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- Gold prices have risen more than 50 percent since the
September 1999 accord helped to stabilise supplies. The gold price in late
London spot trade was up $2 at $413.70 an ounce.
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