Central Bank Gold Agreement Sales Close to Annual Limit
Source: Mineweb.com (9/21/07)
Central Bank Gold Agreement (CBGA) sales have totaled about 441 tons just a few days before the current sales year comes to an end tomorrow.
The World Gold Council (WGC) said a further 60 tons could be sold before this date as the second CBGA allowed for the sale of 500 tons in each agreement year. The second CBGA runs from 27 September 2004 to 26 September 2009.