IMF gold movement

IMF Announces Sale Of 10 Metric Tons Of Gold To Sri Lanka
Tyler Durden’s picture
Submitted by Tyler Durden on 11/25/2009 13:22 -0500

* Ben Bernanke
* Bernanke
* Dow Jones
* Gold
* IMF
* IMG
* India
* International Monetary Fund

Developing story. The Tamil tigers are next in line to give Bernanke the one finger salute. Gold now at $1,186 $1,187. Do we hit $1,200 today?

WASHINGTON (Dow Jones)–The International Monetary Fund said Wednesday that it has sold 10 metric tons of gold to Sri Lanka, the third customer to acquire a portion of its gold holdings.

Sri Lanka’s central bank purchased the gold Monday, paying the equivalent of $375 million.

The IMF in September finalized a plan to sell 403.3 metric tons of gold–an amount equivalent to about one-eighth of its total holdings.

The IMF previously announced the sales of 200 metric tons of gold to India and 2 metric tons to Mauritius.

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