ECB-Gold reserves rise by 2 mln euros in wk

2 September 2009  Yahoo News

Yahoo

Gold and gold receivables held by euro zone central banks rose by 2 million euros to 232.111 billion euros in the week ending August 28, the European Central Bank said on Tuesday. Net foreign exchange reserves in the Eurosystem of central banks rose by 0.5 billion euros to 194.6 billion euros ($279.4 billion), the ECB said in its regular weekly consolidated financial statement.

Gold holdings rose because of purchases by 1 euro zone central bank. The ECB's balance sheet totalled 1.821 trillion euros, up from 1.798 trillion the previous week.

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