Gold supported
NZPA-Reuter London The price of gold dropped on European markets on Monday, but then it began attracting buyers who still regard it as a good investment at the right, price. The price dropped to 5U.5.544 an ounce in the morning, down from Hong Kong’s $546 earlier, but up on Friday’s London level of $527. Later it rose to close in London at $562 an ounce. The U.S. dollar retained strength, based on high interest rates in American
banks. It closed on Europe foreign exchange markets at 1.8800 West German marks, up from Friday’s European level of 1.8700. s " . The pound ‘ sterling remained strong ahead of Britain’s budget on Wednesday, and closed at $2.1800 compared with Friday’s $2.1700.
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Press, 26 March 1980, Page 19
Word Count
119Gold supported Press, 26 March 1980, Page 19
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