THE AMERICAN DOLLAR
PRESIDENT RDOSEVELT'S POLICY, RISE IN THE PRICE OF GOLD Press Association—By Telegraph—Copyright NEW YORK, November 28. (Received November 29, at 12.45 Inflation sentiment revived speculative interests to-day with the rise ini the price of gold, which caught thai markets by surprise, for it had been! assumed that Washington would hesij tate to disturb the dollar further until its December financing was completed* The step has been accepted in specula-* tive quarters, moreover, as an answer, to the hopes that the President was ready for at least temporary or de facto stabilisation of the dollar around current levels. The dollar -dropped sharply and then recovered somewhat.: Government bonds also reacted. Stocks and commodities responded to the dol* lar’s movement, though not great save silver, which was a feature of th.qi commodities.
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Bibliographic details
Evening Star, Issue 21581, 29 November 1933, Page 8
Word Count
133THE AMERICAN DOLLAR Evening Star, Issue 21581, 29 November 1933, Page 8
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