Mostly: Classical

[amarksp]

[miningmx.com] -- A MEMBER of the 12-strong European Central Bank (ECB) system may have bought gold at the year-end, according to The Telegraph, a British newspaper.


An ECB spokesman told The Telegraph that member banks had bought gold "once or twice" since the euro launch in 1999. He called the latest purchase an end-of-year "technical" adjustment.

However, The Telegraph said that a substantial purchase of gold by an ECB member, possibly Italy, would have a positive impact on investor psychology as the main central banks had been sellers of gold in the past.