Banks renew Washington agreement
European central banks announced earlier this month that they would continue to limit the sale of their gold, while increasing the limit slightly.
European central banks announced earlier this month that they would continue to limit the sale of their gold, while increasing the limit slightly.
It was good news for the gold industry that the European Central Bank and its member central banks, plus the Swiss and Swedish central banks, renewed the Central Bank Gold Agreement. It wasn’t, however, an enormous surprise.
A generally poor report period for U.S. equity markets didn’t extend to the mining stocks, which were mostly higher over the five trading days March 17-23 as the Dow Jones industrial average and the S&P 500 index both fell slightly more than 1%.
Drilling by
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…