GOLD STREAM TURNS BACK FROM U.S.A.
FEARS OF INFLATION (By Telegraph-Press Assn.-Copyright) Received Tuesday, 9 p.m. NEW YORK, Feb. 3. Gold will start to flow back to Europe for the first time in 18 months when a shipment is made to-morrow to France. The export point has been reached and the dollar continued to break badly to-day in the world currency markets, reaching 5025 for the sterling and 669 5/8 for the franc. Inflationary fears here and abroad stimulated the pressure _ .against the dollar with the world watching the impending inflationist battle at Washington. It is expected that Europe may begin to repatriate its gold in large amounts, preferring the uncertain French and Dutch situations to the effect upon the dollar of inflation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HC19360205.2.43
Bibliographic details
Horowhenua Chronicle, 5 February 1936, Page 7
Word Count
123GOLD STREAM TURNS BACK FROM U.S.A. Horowhenua Chronicle, 5 February 1936, Page 7
Using This Item
NZME is the copyright owner for the Horowhenua Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.