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Bundesbank Plans to Sell 6.5 Tons Under Gold Accord

The Bundesbank plans to sell no more than 6.5 metric tons of gold in the second year of an agreement between central banks to limit bullion sales.

Germany has the world’s second-biggest gold reserves after the U.S. It sold 5.2 tons of the metal in the first year of the latest accord, which ended yesterday, according to data up to Sept. 14 compiled by the World Gold Council. The most it ever sold in one year was 12 tons in 2001, the data show.