The IMF sold ten tonnes of gold to the Bangladesh Bank, it emerged Thursday.
The gold was sold at market prices on 7 September 2010 for $403m. Gold traded between $1,248 and $1,258 per troy ounce on Tuesday. The gold was part of the 403.3 tonnes earmarked for sale by the Fund last autumn.
The Bangladesh Bank's purchase is the first off-market sale by the IMF since it announced it would start making on-market sales in February. Gold prices picked up on Friday morning on the back of the news, wit