- Sie ziehen den Schwanz ein! - XERXES, 20.02.2002, 11:40
- Re: Sie ziehen den Schwanz ein! - Emerald, 20.02.2002, 11:58
Sie ziehen den Schwanz ein!
FRANKFURT, Feb 20 (Reuters) - The Bundesbank said on Wednesday that it was sticking to an international agreement on central bank gold sales and had no immediate plans to sell large amounts of its bullion holdings.
"We are still abiding by the central bank gold agreement of 1999. We have no plans for the immediate future to sell large amounts of gold," a Bundesbank spokesman told Reuters.
He was reacting to remarks by Bundesbank President Ernst Welteke in an interview with Bloomberg News on Tuesday, in which Welteke said:"I could imagine that we slowly sell some of this gold and reinvest the revenue in assets that pay an interest."
The remark hit gold prices, which fell almost $4 to $293 as the market digested the implications of his views.
((Frankfurt newsroom, +49 69 756525, frankfurt.newsroom@reuters.com))
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