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IMF announces it will begin to sell remaining 191.3 tonnes of Gold

By   || February 17, 2010 at 21:42 GMT
|| 3 comments || Add comment

They will do this in a pgased manner so as not to disrupt the market. Off market sales would ovbviously reduce the amount of gold to be sold in the open market.

The price of Gold drops to 1106.00 on the news.

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3 Responses to “IMF announces it will begin to sell remaining 191.3 tonnes of Gold”

  1. lilac on February 17th, 2010 21:51 GMT

    You sure about those new specs?
    Thanks very much for grinding away there ;)

  2. Asian FX market wrap: IMF to sell gold, BoJ stays on hold | ForexLive on February 18th, 2010 05:03 GMT

    [...] IMF will sell it’s remaining 190 tonnes of [...]

  3. nagalla on February 18th, 2010 05:26 GMT

    if IMF sale the remaining gold of 191.03 tonnes then what will happen in the bullion market…. kindly explain me the meaning of pgased manner… thank you

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