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Tuesday, 04/08/2008 8:27:59 AM

Tuesday, April 08, 2008 8:27:59 AM

Post# of 43478
Gold drops 1%, as IMF announces gold sales

By Polya Lesova
Last update: 8:20 a.m. EDT April 8, 2008Print RSS Enable Live Quotes

NEW YORK (MarketWatch) -- Gold futures dropped sharply Tuesday, as the International Monetary Fund said it would sell more than 14.2 million ounces of gold, currently valued at more than $13 billion. Gold for June delivery fell $8.60 to $918.20 an ounce on the New York Mercantile Exchange.
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