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ECB, SNB and Riksbank announce new gold agreement

ECB, SNB and Riksbank announce new gold agreement

Central Banks
Mike Paterson
19/05/2014 | 08:04 GMT
  • will continue to co-ordinate gold transactions to avoid market disurbances
  • SNB confirms an extension to the existing agreement
  • ECB says signatories to agreement currently have no plans to sell significant amounts of gold

Another one to add to the “CB’s are driving everything into the ground” theory

Gold sits at 1300.40

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