PRICE OF GOLD.
THE EXCHANGE RATES. Received September 22, 9.55 a.m. LONDON, Sept. 21. The price of gold to-day receded to £6 12s 9d per fine ounce. The New York dollar exchange rate in relation to the £ is now 4.75. The Paris exchange rate (franc and pound) is 79 9-16. FLUCTUATING VALUES. NEW YORK EXCHANGE. NEW YORK, Sept. 20. On the second anniversary of Britain’s dropping of the gold standard today, sterling came -within a cent of gold standard parity. The_ dollar early in the day was quoted 4.85 J, but later dropped, closing at 4.79 J. The gold value of the dollar again dropped to a new low level, to an indicated value of 63.71 against the franc. The price of gold has been fixed at 32.28 dollars an ounce. The Stock Exchange failed to stimulate the falling dollar, which closed irregularlv but lower. This phenomenon is considerably mystifying Wall Street, the only explanation being that traders are taking more interest in other market factors and the reported heavy exports of capital through the purchase of foreign commodities and other means.
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Bibliographic details
Manawatu Standard, Volume LIII, Issue 253, 22 September 1933, Page 7
Word Count
182PRICE OF GOLD. Manawatu Standard, Volume LIII, Issue 253, 22 September 1933, Page 7
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