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. Last Updated: 07/27/2016

Gold Sales Profitable

LONDON -- The Dutch have made $100 per ounce in interest on proceeds from their 1992 sale of around 400 tons of gold reserves, a senior official of the Netherlands Central Bank said Tuesday.

"There are less compelling reasons for central banks to have gold in their reserves than there were thirty, forty years ago," Jan Lamers, senior officer of the bank's financial markets department, told a gold seminar.