Silobreaker.com    Log In
   My Page    Help   
360° SearchNetworkHot SpotsTrends
 
Advanced Search Options >>
Saturday, November 21, 2009 8:55 PM

Published 11/03/2009 by Reuters UK


Gold sweeps to record high above $1,080

NEW YORK/LONDON (Reuters) - Gold swept to a record high above $1,080 an ounce on Tuesday, defying dollar strength as the International Monetary Fund's 200 tonne sale of gold to India's central bank boosted sentiment towards the metal.

The purchase by the Reserve Bank of India underscored gold's...

Share this 

What others report on the same story

Gold hits record on Indian purchase
Gold prices surged to a new record today on the news that India's central bank had bought 200 tonnes of the precious metal.It is the biggest single central bank ... - [11/04/2009 - ABC Online]
Gold Jumps on India's 200-Tonne IMF Purchase, L...
don Gold Market ReportTHE PRICE OF GOLD rose sharply to 7-session highs against the Dollar and new 8-month highs vs. the Euro early Tuesday after the Reserve Bank ... - [11/04/2009 - GoldSeek.com]
In Rare Convergence, Dollar Follows Futures Hig...
Gold raced to a record high Tuesday and oil and grains prices rose too while the dollar hit a one-month high, exhibiting a rare breakdown of the inverse relationship ... - [11/04/2009 - Investors Business Daily]
DJ UPDATE: IMF Announces Sale Of 200 Metric Ton... - [11/03/2009 - Individual.com]
* IMF Announces Sale of 200 Metric Tons Of Gold... - [11/03/2009 - Individual.com]
* IMF Announces Sale of 200 Metric Tons Of Gold... - [11/03/2009 - Individual.com]
Gold rises on IMF gold sale to India - [11/03/2009 - CommodityOnline]
* India MOF Official:RBI May Bid To Buy More Go... - [11/03/2009 - Individual.com]
RBI buys 200 metric tonnes gold from IMF for US... - [11/03/2009 - DNA India]
RBI Buys 200 MT Gold from IMF - [11/03/2009 - Outlook India]
1 2 3 4 5 6 7 8 9 10 ... >>

Quotes

"It all generates from the fact that the IMF sold 200 tonnes to the Reserve Bank of India. That is very bullish as it takes 200 tonnes away from the direct market" said Bill O Neill...
Gold sweeps to record high above $1,080 [Reuters UK - 11/03/2009]
"That shows that future IMF sale will be conducted in a similar manner" O Neill said
Gold sweeps to record high above $1,080 [Reuters UK - 11/03/2009]

Related Stories

First Reported 11/05/2009 - Updated 11/05/2009 - 19 Documents (in Environment)
People's Bank of China - Click to view image in its original context
People's Bank of China
Gold retreats from record
Frank Tang and Jan Harvey New York, London GGold's strength despite a relatively firm U.S. dollar this week suggests that bullion could be driven by other factors, such as renewed interest among central banks and inflation worries. The gold market has ... [Globe and Mail - 11/05/2009]
First Reported 11/04/2009 - Updated 11/04/2009 - 85 Documents (in Environment)
Gold surge continues
Market Data Gold hit a record high above US$1,095 an ounce as US dollar weakness added to momentum triggered by India's purchase of 200 metric tons of gold from the IMF.Gold is now poised to target the psychological $1,100 an ounce level, dealers ... [stuff.co.nz - 11/04/2009]
First Reported 11/02/2009 - Updated 11/03/2009 - 55 Documents (in Environment)
IMF sells 200 tonnes of gold to India
The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.7-billion (U.S.), quietly executing half of a long-planned bullion sale that has threatened to slow gold's ascent.The deal, which surprised traders who expected ... [Globe and Mail - 11/03/2009]
First Reported 11/09/2009 - Updated 11/10/2009 - 16 Documents
James Moore - Click to view 360-page
James Moore
Easy Money
(AFP) - Gold prices hit a record above 1,100 dollars on Monday with the dollar weakening after a pledge by G20 countries to keep economic recovery pumped up with easy money.In morning trading here, gold struck an all-time peak of 1,109.50 dollars an ounce ... [Lanka Business Online - 11/10/2009]
First Reported 10/29/2009 - Updated 10/30/2009 - 22 Documents (in Economy)
International Monetary Fund - Click to view 360-page
International Monetary Fund
Demand pressures pushing up inflation in India: IMF
The International Monetary Fundsaid pick up in inflationary expectations suggest that demand pressures are already pushing up inflation in India. "A pick up in core inflation and inflation expectations suggests that demand pressures are already playing ... [Moneycontrol.com - 10/30/2009]
First Reported 11/07/2009 - Updated 11/08/2009 - 14 Documents (in Environment)
Alistair Darling - Click to view image in its original context
Alistair Darling
G20 finance ministers agree to maintain fiscal support
Britain has secured assurances from the rest of the G20 that there will be no global reduction in financial support for world economies until it is clear that any nascent recovery is sustainable. By Angela Monaghan Published: 12:22AM GMT 08 Nov 2009 The ... [Telegraph - 11/08/2009]
First Reported 10/30/2009 - Updated 10/31/2009 - 11 Documents (in Politics)
Stimulus must stay says IMF
ROCCA DI PAPA, Italy: There are encouraging signs from the US and some European economies but the global crisis is not over and stimulus must remain in place until unemployment recedes, the IMF's managing director said.Dominique Strauss-Kahn said that ... [Gulf Daily News - 10/31/2009]
First Reported 10/29/2009 - Updated 10/29/2009 - 13 Documents (in Economy)
IMF says Asia must adapt to 'new world' despite fast recovery
hrs SEOUL: Asia is leading the way out of the global economic slump but must adapt to a 'new world' of softer demand in major Western export markets, the International Monetary Fund said on Thursday.In its latest economic outlook for Asia and the Pacific, ... [Channel NewsAsia - 10/29/2009]
First Reported 11/09/2009 - Updated 11/09/2009 - 12 Documents
Gold Another New Record High as IMF Overvalued Statement Hits U.S. Dollar
PM By: Adrian_Ash THE PRICE OF GOLD jumped to new all-time Dollar records for the third time in four trading days early Monday in London, trading above $1110 an ounce up more than 27% for 2009 to date as the US currency fell hard on the forex market. ... [The Market Oracle - 11/09/2009]
First Reported 11/06/2009 - Updated 11/07/2009 - 9 Documents
G20 ministers at odds over spending
Divisions have emerged among G20 finance ministers over the best ways to scale back stimulus spending.Ministers from the 20 leading economies are in St Andrews, in Scotland, to discuss entrenching global recovery and avoiding a repeat of the credit c ... [Radio New Zealand - 11/07/2009]
First Reported 11/09/2009 - Updated 11/10/2009 - 5 Documents
Brown's Call For Tobin Tax Not Supported By US At G20
UK Prime Minister, Gordon Brown, surprised delegates to the G20 meeting in Scotland by advocating a transaction tax on banks, a move which did not receive any support from the US delegation.Brown's proposals included a transaction levy, an insurance fee ... [Tax-News.com - 11/10/2009]
First Reported 11/06/2009 - Updated 11/06/2009 - 8 Documents (in Economy)
IMF: Romania deal tough if next govt unwilling
BUCHAREST, Nov 6 (Reuters) - It will be difficult to continue Romania's financial rescue package if its next government is unwilling to meet budget targets it has agreed to with the International Monetary Fund, the Fund said on Friday.IMF mission chief ... [FinanzNachrichten.de - 11/06/2009]
In Focus
Network

Blogs

sort by: Date | Relevance
India Buys IMF Gold, What Could It Mean ? [The Market Oracle - 11/03/2009]
This flashed on the Bloomberg news wires this morning:India Buys IMF Gold to Boost ReservesIndia, the world’s biggest gold consumer, bought 200 tons from the International ...
The Significance of the IMF India RBI Gold Sales [The Market Oracle - 11/05/2009]
PM By: Tim_Iacono Much has been written in the last two days about the surprising purchase by the RBI (Reserve Bank of India) of some 200 tonnes of gold bullion, ...
India Buys Half of IMF's Gold for Sale! [The Market Oracle - 11/03/2009]
the Reserve Bank of India (RBI) announced the purchase of 200 tonnes of gold from the International Monetary Fund (IMF) for US$6.7 billion. This represents the largest ...
India Trounces China by Buying 1/2 of IMF Gold ... [The Market Oracle - 11/03/2009]
China Begins Building Gold Reserves] was going to buy this stash of gold from the IMF; but it appears India "won". This will drop the International Monetary Fund ...
IMF sells 200 tonnes of gold to India [Metals News - Metals Place - 11/03/2009]
The International Monetary Fund announced on Monday the sale of 200 tonnes of gold worth $US6.7 billion ($A7.4 billion) to India's central bank to shore up IMF ...
1 2 3 4 5 6 7 8 9 10 ...

Audio/Video

sort by: Date | Relevance
IMF takes on many roles [CNN.com - Video - 11/09/2009]
India bus accident [CNN.com - Video - 11/06/2009]
India bus accident [CNN International - YouTube - 11/06/2009]
Australia beat India in the fourth one-dayer ag... [ITN News - YouTube - 11/03/2009]
India bus crash kills 34 [ITN News - YouTube - 11/06/2009]
1 2 3 4

  •  
  •  
  •