Gold reserves down by 4mn euros in week ending January 27

FRANKFURT: Gold and gold receivables held by euro zone central banks fell by 4 million euros to 423.446 billion euros in the week ending January 27, the European Central Bank said on Tuesday.

Net foreign exchange reserves in the Euro system of central banks rose by 1.4 billion euros to 273.3 billion euros, the ECB said in its regular weekly consolidated financial statement.

Gold holdings fell because of sale of gold coins by 1 euro zone central bank, the ECB said.

It added that the combined balance sheet of the ECB and the 17 national central banks in the euro zone fell by 24 billion euros to 2.683 trillion euros.

Copyright Reuters, 2012