London, 23 March 2011

The World Gold Council today releases its regular statistical update on gold in the official sector.  Following the conclusion of the IMF’s limited gold sales programme, sales of gold by signatories to the third Central Bank Gold Agreement (CBGA3) have slowed to a virtual halt. Almost halfway through the second year of CBGA3, only trivial sales have been conducted by Germany, Greece and Malta.

Meanwhile, the central bank of Russia continues to make steady purchases in its long term programme of gold accumulation.

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