Gold value falls on IMF sale news
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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Fri, Feb 19, 2010
Post by Melissa Pistilli, Gold Senior Reporter