(Bloomberg) -- Gold fell from a two-month high in
London on speculation that a three-week rally was overdone, given
expectations for increased sales from central-bank reserves.
Gold earlier today climbed to $677.97 an ounce, the highest
since May 10, bringing the gain this month to 4.4 percent.
European central banks can sell as much as another 190 metric
tons of bullion by Sept. 26 as part of an agreement to limit
their sales to 500 tons a year, figures this week from the World
Gold Council show.
Read more at Bloomberg Commodities News
London on speculation that a three-week rally was overdone, given
expectations for increased sales from central-bank reserves.
Gold earlier today climbed to $677.97 an ounce, the highest
since May 10, bringing the gain this month to 4.4 percent.
European central banks can sell as much as another 190 metric
tons of bullion by Sept. 26 as part of an agreement to limit
their sales to 500 tons a year, figures this week from the World
Gold Council show.
Read more at Bloomberg Commodities News
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