NEWS ROUNDUP (June 15, 1992)

A study by The Gold Institute of Washington, D.C., says the U.S. Treasury is not an active participant in the gold market and that the country’s gold reserve is unlikely to be sold, or used in gold loans or swaps.

The institute says the U.S. gold reserve totals 261 million oz., the largest official holding in the world. Since 1986, the treasury has used a portion of the reserves — 470,000 oz. — to produce commemorative coins. The study, titled 24 Questions and Answers About the U.S. Gold Reserve, was written by Michael Brown, vice-president of the institute.