County Judge C.H. Burt Mills, center, accepts a $5,000 donation from, from left, Coastal Bend Guides Association board chairman Capt. Ron Coulston and CBGA president Chuck West. That check along with $5,000 from the county was presented to Save Cedar Bayou Inc. representatives Lynn and Bobby Edwards. Photo by NORMA MARTINEZ Oct 8, 2009
County Judge C.H. Burt Mills, center, accepts a $5,000 donation from, from left, Coastal Bend Guides Association board chairman Capt. Ron Coulston and CBGA president Chuck West ... Published: Wednesday, October 7, 2009 12:25 AM CDT Action from the Aransas County commissioners court and by representatives from the Coastal Bend Guides Association (CBGA) resulted in $10,000 being contributed toward the Save Cedar Bayou project ... In addition, representatives from the CBGA presented the... (Rockport Pilot, TX)
Gold likely to reach over Rs 16,000 level before 'Diwali' Oct 1, 2009
Dey said under the Central Bank Gold Agreement (CBGA) the European Central Bank sells 500 tonnes of gold every year. The prices will continue to remain bullish till 'Diwali' on the back of strong domestic demand and is likely to be over Rs 16,000 level, he said. (India Times)
World gold demand dips 9 pc on jewellery slump: WGC Aug 19, 2009
"Central banks outside the Central Bank Gold Agreement have been net purchasers since the second half of 2006 and gross purchases of almost 30 tonnes were recorded by central banks outside the CBGA during Q2 2009," the WGC said. "Although confidentiality issues prevents a detailed dissection of the numbers, it is worth noting that these purchases comprise modest net additions in a number of countries, rather than large purchases by just one or two countries." Elsewhere scrap supply slid to 334... (India Times)
Central banks warm to gold as official sales shrink Aug 11, 2009
The first CBGA was introduced in 1999 to fight against a barrage of sales that had helped send gold to multi-year lows around $250 an ounce ... The 19 signatories of CBGA 3 have consistently undersold the existing 500-tonne quota in recent years ... George Milling-Stanley, managing director of government affairs at the industry-sponsored World Gold Council, said the third CBGA was positive for the spot market. (India Times)
Gold drops as greenback soars on US jobs data Aug 9, 2009
Bullion received support from news a group of central banks in Europe renewed the Central Bank Gold Agreement (CBGA), a pact to limit gold sales for a five-year period to 400 tonnes a year from 500 tonnes ... The International Monetary Fund said on Friday it welcomed the CBGA and said it expected its membership to authorise the sale of 403 tonnes of IMF gold in coming weeks. (Sydney Morning Herald -- Business)
Central bank gold sales may be lowest since 1994 Aug 4, 2009
"The low net official sector sa 00004000 les number registered in the first half was primarily driven by falling sales from Central Bank Gold Agreement (CBGA) signatories," GFMS said, adding combined sales from the group amounted to 92 tonnes for the period, a drop of 43 percent year-on-year. The CBGA, which expires in September, was signed by 15 European central banks in 2004 ... "After the current CBGA expires in September this year, we expect sales from its members will remain very subdued,"... (India Times)
Gold edges down as stocks rise Apr 3, 2009
Due to the limited amount of time available before the expiry of the second agreement (in September) and the legislative hurdles that must be cleared, we believe this almost guarantees that a third five-year CBGA will be announced, it said. On the currency markets, the dollar rose against the euro as the euphoria following the G20 leaders' summit was tempered ahead of U.S. non-farm payrolls data due at 1230 GMT.. (Globe and Mail -- Business)
Gold rises 1 per cent Mar 11, 2009
Unless the pace of official sector sales increases significantly, the CBGA will undershoot the 500-tonne quota by an even wider margin than it did last year, said HSBC analyst James Steel. Reduced central bank sales are among the most notable bullish factors in the market, he said. (Globe and Mail -- Business)
Gold capping Mar 6, 2009
The current CBGA, which caps sales at 500 tonnes a year, expires in late September, but the banks have in the past announced the terms of a new agreement in March and there is an expectation in the market that a statement could come soon. EDITORS CHOICE. (FT.com -- Markets)
