PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day
February 27 2012 - 3:18PM
Dow Jones News
Kazakhstan, Turkey and Belarus topped up their official gold
reserves in January, resulting in another bullish month of net
central bank purchases in the bullion market, according to data
from the International Monetary Fund Monday.
UPDATE: Sweden Gold Reserve Jump 'A Data Entry Error' - IMF
LONDON (Dow Jones)--The International Monetary Fund Monday said
it had mistakenly released figures showing a near-15% jump in
Sweden's official gold reserves.
Paulson Tells Clients Gold Fund Will Top Others: Source - Bloomberg News
Hedge fund manager John Paulson told investors Friday at a
meeting at New York's Metropolitan Club that his Gold Fund will
outperform his other strategies over a five-year period, Bloomberg
News reported on its website Saturday, citing a person with
knowledge of the matter.
STORIES OF INTEREST:
Zimplats: Zimbabwe Rejects Portion Of Indigenization Plan
MELBOURNE (Dow Jones)--Impala Platinum Holdings Ltd.'s (IMP.JO)
Zimbabwean unit, Zimplats Holdings Ltd. (ZIM.AU), said Monday it
been given 14 days to make progress in transferring a shareholding
to a national fund in order to meet the southern African country's
indigenization law or else face unspecified enforcement.
MARKETS:
PRECIOUS METALS: Comex Gold Slips As Euro Worry Boosts Dollar
NEW YORK (Dow Jones)--Gold futures ticked lower for a second
session Monday, as the latest set of euro-zone debt worries cast
doubt on the durability of the metal's recent rally.
-By Matt Day, Dow Jones Newswires; 212-416-4986;
matt.day@dowjones.com
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