Euro Members Sold Gold For 138 Million Euros Last Week

Tuesday, December 13, 2005

The members of the Eurozone sold gold woth a value of 138 million Euros in the week ending December 9. According to the consolidated financial statement of the Eurosystem two central banks took part in the sales, bringing the Euroarea gold hoard down to 148.413 billion Euros. The Eurozone's gold treasure, valued at 393 Euros/oz will be revalued at the end of the year.

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