Gold value falls on IMF sale news
Investing News Network - February 19th, 2010
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.