Earthworks

Official sector gold sales lowest since 1994

Alan Septoff's avatar
By Alan Septoff

August 6, 2009

From Gold Fields Mineral Services in Mining Weekly:

"Releasing its official-sector gold activity report, GFMS estimated that net official-sector gold sales in the first half were 39 t, down by a hefty 73% year-on-year.  GFMS anticipated sales of 140 t for the full year, which, if realised, would be the lowest since the 1994 trough of 130 t."

Tagged with: gold, gfms, central banks

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