§ Mr. GibbTo ask the Chancellor of the Exchequer if he will make a statement on the change in the value of gold in sterling since January. [84085]
§ Ms HewittThe price of gold (in sterling) on 4 January 1999 was £173.538 an ounce and on 13 May 1999 was £171.4383 an ounce.
§ Mr. LoughtonTo ask the Chancellor of the Exchequer what is his forecast for the average gold price in(a) 1999, (b) 2000 and (c) 2001. [84286]
§ Ms Hewitt[holding answer 14 May 1999]: The price of gold is determined by the market. The Government do not forecast it.