Reuters logo
IMF sold 1.04 mln ounces of gold in September
October 29, 2010 / 2:05 PM / 7 years ago

IMF sold 1.04 mln ounces of gold in September

WASHINGTON, Oct 29 (Reuters) - The International Monetary Fund sold 1.04 million ounces (32.3 tons) of gold in September, well above the amount sold in August, an IMF spokesman said on Friday.

The sale was part of a plan announced late last year for the Fund to sell 403.3 tonnes of gold to boost its lending resources. The fund said the sale would avoid disruptions to the gold market, which has been buoyed by huge liquidity injections of central banks around the world.

The IMF sold 320,000 ounces to Bangladesh, the spokesman said. (Reporting by Pedro da Costa and Emily Kaiser; Editing by Theodore d‘Afflisio)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below