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13

Germany Controls Gold Prices»

Gold prices rose to a one-week high in New York Mercantile Exchange...

Gold prices rose to a one-week high in New York Mercantile Exchange?s COMEX division, after Germany's Bundesbank, the ? 2 world gold holder, disclosed plans to sell less bullion than expected under an agreement with 14 other central banks.

The Bundesbank said it intended to sell just eight tons of the 120 tons of gold coins permitted in the first year of the agreement, board member Hans-Helmut Kotz said in an interview.

Gold futures for February delivery rose $2.10, or 0.5 percent, to $445 an ounce Monday morning.