G20 And The Search For New Gold

Gold Investing News reports gold has a challenging year ahead.

A decision to sell gold requires the backing of 85 per cent of the IMF’s executive board, and the board representative from the U.S. need the approval of Congress to vote in favor of sales.

Gold for immediate delivery traded at $911.77 an ounce in London, by 12 pm. The metal gained the past eight years and is up 3.3 per cent in 2009.

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