European Central Bank President Mario Draghi said on Friday that the profits of any gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks. European creditors on Friday left a possible gold sale in the hands of the Central Bank of Cyprus, which manages 13.9 metric tons of the metal, according to the World Gold Council. “The decision is going to be taken by the central bank,” Draghi said after a meeting of euro-area finance officials in Dublin. “What’s important, however, is that what is being transferred to the government budget out of the ... (full story)