CAPITAL MARKETS

Asian banks could soak up IMF gold sales

CONTRARY to much market speculation, the potential sale of gold by the International Monetary Fund could be positive for the gold market, according to respected analyst Martin Murenbeeld.

Rebecca Keenan
Asian banks could soak up IMF gold sales

Murenbeeld told delegates at the Gold Forum in Perth, Western Australia, that Asian banks could buy any IMF gold to be sold out of “petty cash” His comments were made in relation to a potential IMF initiative...

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