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India Buys 200 Tons Of Gold And Moves From The Dollar
247wallst.com - 23 days ago
India Buys 200 Tons Of Gold And Moves From The Dollar
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The dollar is still losing its luster as the foreign reserve currency of choice. India has just bought 200 tons of gold from the IMF at $1,045 an ounce which is close to a recent record high of $1,070. The entire transaction is worth almost $7 billion. The move is seen as a way for ...
reuters.com - 23 days ago
India buys half of IMF's gold for sale; who's next?
— reuters.com — * IMF sells 200 tonnes of gold to Reserve Bank of India * Sale is part of... total of 403.3 tonnes to be sold by IMF * Gold price reverses earlier gains, flat near $1,058 * Relieves bearish risk of open-market bullion sale * Is China next? (Updates ... (more) India buys half of IMF's gold for sale; who's next?

Comments vote down Bespoke Investment Group found this 23 days agofound this
ft.com - 23 days ago
Gold hits record high on India purchase
— ft.com — By Javier Blas in London and James Lamont in New Delhi Published: November 3 2009 09:08 |... Last updated: November 3 2009 19:17 Gold prices on Tuesday surged to an all-time high after India’s central bank bought 200 tonnes of the precious metal, ... (more) Gold hits record high on India purchase

Comments vote down FT Alphaville found this 23 days agofound this
Gold Soars to New Highs
bespokeinvest.typepad.com - 23 days ago
Gold Soars to New Highs
— bespokeinvest.typepad.com — The price of gold has broken out to another new high this morning following news that India's... Central Bank purchased 200 tons of the metal from the IMF. Previously, the IMF had announced that it would sell around 400 tons, raising speculation that the ... (more) Gold Soars to New Highs

Comments vote down Millionaire Now! found this 23 days agofound this

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BloggingStocks:  Closing Bell: The great mixed day (BDK, CHK, CSX, RIMM, NEM, WFC, HGSI)

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Closing Bell: The great mixed day (BDK, CHK, CSX, RIMM, NEM, WFC, HGSI)
BloggingStocks — Was today about stocks, or was it about the FOMC starting its 2-day meeting? Or was it about mergers or a huge Indian gold purchase? Markets were mixed late in the day after having been in negative territory earlier. ...

Related: india buys 2 tons of gold
India Buys $6.7 Billion Worth of Gold from the IMF — GoldSeek.com
Observers will be surprised not to see China snapping up the IMF gold, and of course China might emerge as the buyer of the remaining hoard. China has boosted its gold reserves by 76 per cent to 1,054 tons worth around $32 billion since 2003, officials said in April.