Gold Market News Summery

Dear readers,

It was a busy month! , Posted below are some of the latest international gold market news:

IMF to make central bank gold lending data more transparent

Blanchard & Company study calling for greater transparency in central bank gold lending accounting has apparently helped to convince the International Monetary Fund to adopt a landmark accounting change in the way central banks account for gold loans.

http://www.mineweb.net/american_notes/596209.htm


IMF advised to sell 400 tonnes of gold


http://www.imf.org/external/np/tr/2007/tr070131.htm

http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsection=market+news&month=February2007&file=Business_News2007020293025.xml

Britains Chancellor of the Exchequer (Finance Secretary) Gordon Brown was accused in the House of Commons Thursday of losing the equivalent of over 4.5 billion dollars by selling gold assets when prices were low.


http://www.kuna.net.kw/home/Story.aspx?Language=en&DSNO=945883

Euro bank breaks rank, buys gold?

http://www.smh.com.au/news/business/euro-bank-breaks-rank-buys-gold/2007/01/03/1167777153474.html



New gold products…

World Gold Council may offer new funds in Europe and India

http://www.bbj.hu/main/news_21208_world%2Bgold%2Bcouncil%2Bmay%2Boffer%2Bnew%2Bfunds%2Bin%2Beurope%2Band%2Bindia.html

Amfi expects launch of gold ETFs in Feb

http://economictimes.indiatimes.com/Markets/Commodities/Amfi_expects_launch_of_gold_ETFs_in_Feb/articleshow/1144457.cms


NCDEX to launch 10 gm gold contract

http://economictimes.indiatimes.com/Markets/Commodities/NCDEX_to_launch_10_gm_gold_contract/articleshow/1011695.cms