Insecurity over Italy’s financial stability make it the latest target of Euro Zone contagion fears and call into question the place the role of gold.
Articles Tagged "imf"
Reuters reports that the International Monetary Fund sold 1.04 million ounces (32.3 tons) of gold in September.
Juan Carlos Artigas, Investment Research Manager, the World Gold Council commented, “the third quarter of 2010 was again marked by mixed economic news from markets around the world. While emerging economies continue to recover, central banks in developed markets appear ready to keep monetary policy accommodative as long as necessary to spur growth. In particular, statements by the Federal Reserve, coupled with a large trade deficit and record levels of debt outstanding, started to put pressure on the US dollar and increase long-term inflation expectations.”
By Kishori Krishnan Exclusive To Gold Investing News The Emperor is naked. The debt of the US government is turning out to be in fact irredeemable. And gold is poised to break out. Remember, gold outperforms in a crisis. The inconspicuous beginnings of irredeemable debt have blossomed into a colossal edifice in the United States, [...]
By Kishori Krishnan Exclusive To Gold Investing News India has shown the way, and charted out a clear path for the road ahead with its US$ 6.7 billion gold purchase. Buying 200 tonnes of gold from the International Monetary Fund, almost half of the 403 tonnes earmarked for sale by the IMF, India has effectively [...]
By Kishori Krishnan Exclusive To Gold Investing News Its a revamped third five-year pact to limit sales of European central bank gold, complete with a lowered ceiling for planned disposals, but it is seen boosting the investment case for bullion and extending its multi-year rally. The European Central Bank surprised markets last week with the [...]
India hasn’t asked the International Monetary Fund to sell its gold reserves to raise money for funding poor nations, a senior finance ministry official said Thursday. For full story, click here