IMF analysing options on gold

The International Monetary Fund is currently preparing a report on the possibility of selling a portion of its gold reserves.

Finance ministers from the Group of Seven countries asked IMF Managing Director Rodrigo Rato at a London meeting to create proposals for the fund's shareholders before its April meeting.

The IMF values its store of 3,217 tons of gold at about $8.5 billion, about a fifth of market value. In principle, the IMF could finance forgiveness of the $11 billion in debts owed to i