(Bloomberg) -- Gold may decline in London for a
second straight day on speculation that central banks in Europe
will increase bullion sales. Silver gained.
Spain's central bank reduced its gold holdings to 9.9
million ounces in May, from 10.8 million ounces at the end of
April, according to a statement on its Web site today. European
central banks will probably sell all 500 tons of gold allowed
under an agreement that goes through Sept. 26, UBS AG said in a
report today. It previously forecast sales of 400 tons,
Read more at Bloomberg Commodities News
second straight day on speculation that central banks in Europe
will increase bullion sales. Silver gained.
Spain's central bank reduced its gold holdings to 9.9
million ounces in May, from 10.8 million ounces at the end of
April, according to a statement on its Web site today. European
central banks will probably sell all 500 tons of gold allowed
under an agreement that goes through Sept. 26, UBS AG said in a
report today. It previously forecast sales of 400 tons,
Read more at Bloomberg Commodities News
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