Gold value falls on IMF sale news

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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