Swiss nat bank sells 9 tons gold in last 10-days

SWITZERLAND - The Swiss National Bank sold 8.975 metric tons of gold according to the latest 10-day reporting period ended 30 September, the central bank's statistical report showed Thursday 11 October.

The latest sales brought to around 341.295 tons the amount of gold that the central bank has sold since its program to dispose of 1,300 surplus tons of the precious metal began 1 May 2000.

Gold lending by the 15 European central banks signed up to the 1999 Washington Agreement amounts to 2,119.32

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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