On July 1, India's Prime Minister Manmohan Singh would convene a meeting of the respective...
Similar to that of Bernanke, Bank of England Governor Mervyn King's comments too can .. 
In a very general sense, the producers will benefit much more quickly from a rebound in th.. 
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- Gold to be mixed ahead of US Fed announcement
- Taking cues from rise in gold prices along with upside in the base metals complex, Spot silver prices gained around 0.1 percent today. However, sharp upside in prices was prevented on account of strength in the DX.
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According to market sources, turmeric price in the Nizamabad spot market stood at Rs 5,600-5,700 ..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
*** This is an updated and corrected version. The IMF has NOT stated that it plans to buy $2.3 billion of gold as reserves. INSTEAD, the IMF has only stated that it plans to increase its reserves
NEW YORK (Commodity Online): The International Monetary Fund (IMF) is planning to increase its precautionary reserves on account of rising global risks, the organization's latest report says.
“The Fund is facing increased credit risk in light of a surge in program lending in the context of the global crisis. While the Fund has a multi-layered framework for managing credit risks, including the strength of its lending policies and its preferred creditor status, there is a need to increase the Fund’s reserves in order to help mitigate the elevated credit risks”, the IMF report states
“Directors supported an increase in the medium-term indicative target for precautionary balances to SDR 20 billion in light of the increase in total Fund credit and commitments since the last review in 2010”, the report adds
IMF's borrowers include Eurozone countries like Greece and Portugal. Greece is IMF's biggest borrower and the nation is currently caught in a political deadlock that seems bent on denying itself the much needed bailout fund.
Countries like Spain is also officially in recession after its first quarter GDP contracted. Other nations in the Eurozone region is also showing increased signs of slow manufacturing activity and economic growth.
