I.M.F sells gold at $US170
NZPA Washington The International Monetary Fund has sold 524,800 ounces of gold at its monthly auction for an average price df $U5170.40 an ounce. The prices on successful bids ranged from $170.11 to $171,50 an ounce. The I.M.F. said it received enough bids to have sold 3.1 M ounces of gold, and sold just slightly less than the 525,000 ounces it had offered. The bidders in the latest [auction are to pay the price ; actually bid.
The sale raised S67M for a trust fund for developing nations, and brought the amount raised for the fund so far to SI3OOM.
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Press, 8 May 1978, Page 18
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104I.M.F sells gold at $US170 Press, 8 May 1978, Page 18
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