RTRS: Gold drops on news IMF to sell remaining reserves
SYDNEY, Feb 18 (Reuters) - Spot gold XAU= fell more than $7 to just under $1,106.00 an ounce on Thursday after the International Monetary Fund said it would sell its remaining gold reserves.
The IMF announced it would begin phased open-market sales of the remaining 191.3 tonnes of gold under a program launched last year to raise new resources for lending. (Reporting by James Regan; Editing by Mark Bendeich)
