SNB completes planned gold sales, no more due
09.29.08, 6:31 AM ET
ZURICH, Sept 29 (Reuters) - The Swiss National Bank said on Monday it had concluded the sale of 250 tonnes of gold, announced in June 2007, and said it had no plans for any further gold sales.
The SNB said in a statement it sold 137 tonnes of gold between Sept. 27, 2007 and Sept 26., 2008 after selling 113 tonnes prior to that. It said its total gold holdings were now 1,040 tonnes, adding it planned no further reduction.
In June 2007, the SNB said it would sell 250 tonnes of gold by September 2009, in line with an agreement among European central banks to limit gold sales to 500 tonnes a year.
(Reporting by Emma Thomasson) Keywords: SWISS SNB/GOLD
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