Wednesday, December 1, 2010

IMF's gold sales slowed 40 pct in Oct. vs Sept.

From Bloomberg:

IMF slowed rate of gold sales by 40 pct in Oct. vs Sept.

* Cumulative on-market sales 148.6 tonnes by October (Recasts, adds details, background)

NEW YORK/WASHINGTON Nov 29 (Reuters) - The International Monetary Fund has slowed the rate of selling its gold by 40 percent in October from the previous month, as interest among central banks to own the metal increased as a hedge against economic uncertainty......read on

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