Gold set a new all-time high Wednesday on the London Bullion Market, to $ 1,095.40 an ounce, following the announcement of the sale IMF's 200 tons to India.
The precious yellow metal seems to have taken in recent days a new autonomy against the dollar, which is firmer a week ago.
Gold prices on Wednesday continued the trend of the previous day, two days after the International Monetary Fund (IMF) announced the sale of 200 tons of gold to India, nearly half the total of 403.3 tons the agency expected to sell in the coming years to strengthen its finances.
IMF sell a stroke prevented this treasure to not cause a fall in prices, choosing a segment operating daily between 19 and 30 October, the market price, with the Indian central bank. The operation gave him 6.7 million dollars.
"This transaction indicates that, despite current high prices, central banks in emerging countries are willing to earn gold to diversify their currency reserves, "Commerzbank analysts said.
also" rumored to China is to buy the other half of the gold reserve The IMF plans to sell, "they added.
" The strength of gold and can not be attributed solely to the weak dollar, analysts also noted.
On Tuesday, gold exceeded the historical dimension of $ 1,080 an ounce when the dollar rebounded against the euro. The single European currency fell against the greenback at a level very close to its lowest in a month. typically, Gold prices continue to reverse the trend of value of gold, but that did not happen on Tuesday.
However, the market is prepared for new records on Wednesday, analysts warned, if the U.S. Federal Reserve on Thursday did not give any indication about his plans to emerge from the crisis at the end of its monetary policy meeting. In that case, the dollar would be at risk of being depressed, which could provide further support to gold.
Gold ended at $ 1,091.75 in the morning fixing, from $ 1,061 on Tuesday night.
Via: www.google.com
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