IMF: Russian Federation raise gold holdings by 3.110 tonnes to 2.335.93 tonnes in April

The IMF is reporting:

• Russian Federation raised Gold holdings by 3.110 times 2,335.93 times in April
• China raised gold holdings b 4.977 tonnes to 2,262.52 tonnes

Gold prices today reached a new all-time Intradayhigh of $2450.10 before rotating back to the downside.

That intraday high took out the previous intraday high at $2432.31 from April 12. Nevertheless closing higher today would be a new record close. Currently, gold prices are trading up around $12 or 0.50% at $2426.50.

This article was written by Greg Michalowski at www.forexlive.com.