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

Posted By admin On November 3, 2009 @ 11:37 am In Featured Stories | Comments Disabled

Reuters [1]
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 [2]

US gold hits record high $1,081.70/oz on IMF sale FOTR 340x169 PP [3] 


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URLs in this post:

[1] Reuters: http://www.reuters.com/article/usDollarRpt/idUSN0350038020091103

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] Image: http://prisonplanet.tv/signup.html

[4] PRECIOUS-Gold hits record high as dollar slides: http://www.prisonplanet.com/precious-gold-hits-record-high-as-dollar-slides.html

[5] Gold rushes to record high above $1,090/oz: http://www.prisonplanet.com/gold-rushes-to-record-high-above-1090oz.html

[6] Gold sets a new record; silver hits 30yr high: http://www.prisonplanet.com/gold-sets-a-new-record-silver-hits-30yr-high.html

[7] Gold Hits Record High Above $1320: http://www.prisonplanet.com/gold-hits-record-high-above-1320.html

[8] Gold in euro terms hits record high 816.33 euro/oz: http://www.prisonplanet.com/gold-in-euro-terms-hits-record-high-816-33-eurooz.html

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