US says IMF gold revaluation not an option

U.S. Treasury Under Secretary Tim Adams said on Monday 17 July that it would not be appropriate for International Monetary Fund gold reserves to be revalued to support its financing to make up for reduced demand for emergency loans.

"We, the U.S., do not think that gold is an appropriate option. For us, it is not an option," Adams told Reuters in an interview.

The IMF is actively reviewing its financing options and recently convened an "Eminent Persons" group, which includes European Central Ba