SNB sells another five tons of gold

SWITZERLAND - The Swiss National Bank sold 5.33 metric tons of gold in the latest 10-day reporting period ended April 10, according to SNB statistics released Apr 13.

That brings to 220.13 tons of gold the central bank has sold since May 1, 2000 under its program of offloading 1,300 tons in surplus supply.

Those sales are included in a 1999 gold sales agreement reached among 15 European central banks.

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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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