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FOi's daily roundup of news in brief, 22 February 2010


Gold resilient despite IMF saleThe International Monetary Fund's plan to sell 191 tonnes (6.1m ounces) of its gold has not significantly impacted world prices, analysts have said. In a report produced for the Dubai Gold and Commodities Exchange, market research firm CPM Group said the move had lead to prices dipping, but not a widely expected sell off.This was in spite of several other triggers weighing on prices over the past seven days, including the Federal Reserve raising its discount rate (the rate at which it lends to commercial banks), better US economic data and the continued strength of the dollar.The research paper suggested that gold was demonstrating its resilience,...

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