N e w s

Last week was marked by a dynamic fall of gold prices, and by Friday world prices fell beyond $285 a troy ounce. Futures contracts stayed at the point but not for long, believe the traders. A continued fall of prices is expected as the market will soon receive about 25 tons of actual metal from the reserves of the Bank of England. This next, fifth, auction of British gold will take place March 21 followed by several like events conducted by Central Banks of a number of European countries.

Elina Shkurupiy