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    gold investing

    Gold value falls on IMF sale news

    Written by Investing News Network
    |
    Feb. 19, 2010 04:14PM PST

    Gold prices fell after the U.S. dollar firmed on upbeat economic data and commodity-linked currencies plunged on news the IMF planned to sell more gold in the open market.
    The press release is quoted as saying:
    The IMF said it would begin phased open-market sales of the remaining 191.3 tonnes of gold under a programme launched last […]

    Gold prices fell after the U.S. dollar firmed on upbeat economic data and commodity-linked currencies plunged on news the IMF planned to sell more gold in the open market.

    The press release is quoted as saying:

    The IMF said it would begin phased open-market sales of the remaining 191.3 tonnes of gold under a programme launched last year to raise new resources for lending.

    Click here to access the entire press release

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