UK seeks stability for gold in IMF revaluation

Any revaluation of International Monetary Fund (IMF) gold reserves would have to be done in a way which would preserve gold market stability, British Chancellor of the Exchequer Gordon Brown said on Monday 4 October.

"We're looking at proposals...that will maintain the stability of the gold market and the integrity of the IMF," Brown told a news conference after weekend IMF meetings which considered revaluing some of the IMF's reserves and using the money for debt forgiveness.

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