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AFX: ECB-Gold reserves down by 42 mln euros in wk
 
FRANKFURT, Dec 9 (Reuters) - Gold and gold receivables held by euro zone central banks fell by 42 million euros to 219.969 billion euros in the week ending Dec. 5, the European Central Bank said on Tuesday.

Net foreign exchange reserves in the Eurosystem of central banks rose by 39.8 billion euros to 389.3 billion euros, the ECB said in its regular weekly consolidated financial statement.

Gold holdings fell because of sales by two euro zone central banks, consistent with the 2004 Central Bank Gold Agreement, the ECB said.

For details of the report, please see the website: http://www.ecb.int/press

Keywords: ECB/RESERVES

(Frankfurt Newsroom +49 69 756525, frankfurt.newsroom@reuters.com; editing by David Stamp)

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