The IMF just announced it would resume selling the balance of its preapproved for sale gold, of which 191.3 tons remains. The sales would be in a phased manner over time to avoid disrupting the gold markets. This is not major news as this is inline with the IMF's September 2009 announcement to sell 403.3 metric tons of gold. As is well known the IMF has already sold 212 metric tons. Nonetheless, gold is selling off after hours. As gold was bought via dollar shorts, the current unwind is sending the dollar proportionately higher.
From Dow Jones:
WASHINGTON (Dow Jones)--The International Monetary Fund said Wednesday it will soon begin selling to the market the remaining 191.3 metric tons of gold it has slated for release, though the sales will be conducted in phases to avoid disrupting markets.
The sale of gold, currently worth nearly $6.9 billion, will begin "shortly," the fund said in a brief statement.
http://www.zerohedge.com/article/gold-tumbles-imf-reaffirms-plan-sell-1913-metric-tons-gold-over-time-phased-market-gold-sale