Gold lease rates tighten further, spot adds gains

Gold was reversing a recent downward trend in Europe as it rose to fix on Feb 27, 2001 at the highest level since Jan 8, 2001 building on short-covering gains made overnight with more advances on the cards, traders said. Gold rose to fix at $268.10 a troy ounce in morning of Feb 27 - its highest level in seven weeks - while spot prices moved up as dealers seemed happy to base their spot trading strategy around gold lease rates movements.

The market focus was on forward borrowing rates which have

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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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