Wednesday, December 22, 2010

IMF Concludes Gold Sales

The International Monetary Fund  has announced  the conclusion of its limited sales program covering 403.3 metric tons of gold (13% of their inventory) that was approved by the Executive Board in September 2009 (see Press Release No. 09/310).

The total amount sold was equal to about 15 percent of global mine supply, according to data from GFMS Ltd., a London-based research company.

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