Where would gold be without last week's €410 million in ECB sales?

Section:

ECB Gold Reserve
-€410 Million,
Forex +€200 Million
In Week to Dec. 15

By Saadia Hashmy
Dow Jones Newswires
Tuesday, December 19, 2006

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LONDON -- The Eurosystem's reserves of gold and gold receivables fell €410 million to €174.056 billion in the week ended Dec. 15, the European Central Bank said Tuesday.

The Eurosystem's reserves of net foreign-currency increased €200 million to €152.8 billion during the period.

The ECB said cash in circulation rose €3.7 billion to €613.9 billion.

Meanwhile, liabilities to the general government fell €20.7 billion to €44.3 billion.

The Eurosystem consists of the Frankfurt-based ECB and the 12 euro-zone national central banks.

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