Official: IMF confirms gold lending by Central Banks, GOLD was SOLD into the market

the quote is from page 4...

and p7:

14. The current demand for gold for fabrication and industrial use has outstripped current production by 40 percent per annum over the last decade, and this gap between demand and current production-the so-called “market deficit”-has widened over the years (Table 1). This deficit has been filled by sales of gold stocks by the private sector (i.e., scrap gold) and central banks and, increasingly, by central bank gold lending.


Fort Tungsten, it is then.

p11:
The increased mobilization of central bank reserves through gold lending operations has had a depressing influence on the spot price for gold since on-lent gold is usually associated with sales of gold in the spot market (Section IV).

No interest, really????
This is YOUR DOLLAR/POUND/... they are manipulating, here!!!

p26:
At the same time, gold lending has led to accelerated supply of gold to the spot market, which has tended to put downward pressure on the spot price of gold.