91. He also said that the governors had not indicated any intention to sell gold from reserves, as the Swiss central bank had signalled last week. 92. He said the IMF can meet its financing requirements otherwise, and does not need to sell any gold at present. 93. A metals analyst at the Merrill Lynch merchant bank, Ted Arnold, said that US investment funds had sold gold, which in turn hit prices. 94. Belgium had already sold gold to reduce its stock of public debt but any other state wanting to do this would have to meet several conditions. 95. Belgium had already sold gold to reduce its stock of public debt but any other state wanting to to this would have to meet several conditions. 96. Dealers said there were few buyers and a lot of selling as some central banks in Europe were reported to be selling gold to fund budget deficits. 97. Fears that European central banks might sell gold to help their governments meet the convergence criteria for a European single currency have depressed gold prices, he said. 98. Fears that European central banks might sell gold to help their governments meet the convergence criteria for a single currency have depressed gold prices, he said. 99. Fears that European central banks might sell gold to help their governments meet convergence criteria for a single currency depressed gold prices this week. 100. The price of gold has been very weak in recent months, amid fears that European central banks might sell gold to help their governments qualify for monetary union. |