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Gold rises despite sell off

THE gold price managed a modest $US1 an ounce increase overnight despite news the European Central Bank (ECB) had sold an additional 47 tonnes of the metal and the International Monetary Fund (IMF) was keen to start selling some of its 103 million ounce stockpile.

Tim Treadgold
Gold rises despite sell off

In New York, gold rose to $US427.90 despite the ECB action, talk of the IMF plan, and speculation the US Government might support a possible IMF sale to help heavily indebted nations, or a significant...

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