Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

US gold hits record high $1,081.70/oz on IMF sale

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Reuters
Tuesday, Nov 3rd, 2009

U.S. gold futures scaled an all-time high $1,081.70 an ounce on Tuesday, surpassing the previous record set Oct. 14, boosted by technical buying and news of a gold sale by the International Monetary Fund (IMF) to India.

 For the latest detailed report, click on [GOL/].
 GOLD
 * December gold GCZ9 up $23.10, or 2.2 percent, at
$1,077.10 an ounce at 11:13 a.m. EST (1613 GMT) on the COMEX
division of NYMEX.
 * Ranged from $1,055.50 to $1,081.70.
 * Gold futures buying increased after the IMF sold 200
tonnes of gold to the Reserve Bank of India. [ID:nN02468120]
 * News led to expectations that IMF's remaining 203.3
tonnes for sale will be concluded with minimal impact to open
market. [ID:nDEL484779]
 * Gold boosted on the notion that India could buy more from
the IMF, and news that gold producers could accelerate hedge
buybacks should support - Heraeus.

“When the people find they can vote themselves money, that will herald the end of the republic.”Fall Of The RepublicBuy the DVD here

US gold hits record high $1,081.70/oz on IMF sale FOTR 340x169 PP 

This article was posted: Tuesday, November 3, 2009 at 11:37 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
10 Conspiracy Theories That Came True See the rest on the Alex Jones YouTube channel.

Secretive Forced Labor Camp Revealed See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.