The International Monetary Fund (IMF) plans to sell some of its gold assets to shore up the troubled financial market. The IMF hopes to raise in the region of $6bn (£3bn) from the sale, approximately 12.97 million ounces which equates to around 12% of its gold holdings.
Gold’s price has been steadily rising over the past few months as traders look for havens to protect their money from the unstable financial markets.
The IMF can only sell the gold if it gets approval from the US Congress and many of the 185 countries that are members of the organization.

Although not quite a recession the forecast for global growth in the economy is lower from the International Monetary Fund. Thoughts are that a global shutdown is likely,well according to the chief economist at IMF.

For the major economies which are already established growth will take place but in a weaker fashion. We need to be on the lookout for market turmoil.