Developing story. The Tamil tigers are next in line to give Bernanke the one finger salute. Gold now at $1,186 $1,187. Do we hit $1,200 today?
WASHINGTON (Dow Jones)--The International Monetary Fund said Wednesday that it has sold 10 metric tons of gold to Sri Lanka, the third customer to acquire a portion of its gold holdings.
Sri Lanka's central bank purchased the gold Monday, paying the equivalent of $375 million.
The IMF in September finalized a plan to sell 403.3 metric tons of gold--an amount equivalent to about one-eighth of its total holdings.
The IMF previously announced the sales of 200 metric tons of gold to India and 2 metric tons to Mauritius.