After hours today, the International Monetary Fund (IMF) announced that they would begin selling some of their gold inventory using on-market sales. The total amount remaining to be sold is 191.3 metric tons and this will be sold the on-market sales will be conducted in a phased manner over time and in a way to not disrupt gold markets. This perceived unloading of gold pushed futures down $15 in after hours trading
Posts Tagged ‘India’
January 6th, 2010
Gold Outlook in 2010
After hitting a multi-year high of above $1200 per ounce in the beginning of December, gold has receded and looking for direction. What can we expect in 2010?



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