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Gold Bullion

February 3, 1988 | Associated Press
The dollar declined against most key currencies in quiet trading Tuesday after major U.S. banks announced a cut in their prime lending rates. Gold prices were slightly lower after rising overseas. At Republic National Bank of New York, gold bullion was quoted at $454.50 an late Tuesday, down 25 cents from late Monday. James O'Neill, an economist at Marine Midland Bank, said currency markets were concerned that Tuesday's cut in banks' prime rates, to 8.5% from 8.
July 8, 1987 | Associated Press
The dollar was mostly higher in U.S. trading Tuesday--closing above the psychologically important 150 Japanese yen level for the first time in more than three months--following Lt. Col. Oliver North's testimony before the Iran- contra congressional committees. Gold prices were mixed. Republic National Bank in New York at 4 p.m. EDT quoted a bid for gold bullion of $443.75 an ounce, down from $448 late Monday. Currency traders said there was general relief in the U.S.
December 12, 1987 | Associated Press
The dollar stumbled lower again Friday, but light trading in the currency markets may have spared the currency even greater damage, analysts said. Gold prices continued their ascent. At Republic National Bank of New York, gold bullion was quoted at $497.25 an ounce at 4 p.m. EST, up from $493.50 late Thursday. The domestic foreign exchange market was quiet, compared to the violent move of Thursday, when the government announced a record shortfall in U.S. trade during October. The $17.
August 20, 1987 | Associated Press
The dollar continued to plunge in nervous, active trading Wednesday, declining to a two-month low against the Japanese yen and resisting any efforts for a possible rebound. Gold prices also retreated. Republic National Bank of New York at 4 p.m. EDT quoted gold bullion at $458 an ounce, down $1 from late Tuesday. Traders said the market has been bearish on the dollar ever since Friday's U.S. trade deficit report, which showed a widening shortfall of $15.
March 19, 1985 | Associated Press
Gold prices soared to three-month highs today as a result of worries about the U.S. banking system and the stepped up fighting between Iran and Iraq. Meanwhile, the dollar continued its sharp retreat. Gold, which had tumbled to a 5 1/2-year low of $282 an ounce as recently as Feb. 25, briefly flirted with $320 an ounce Tuesday in Zurich, Switzerland. In Zurich, gold bullion finished the day at a bid of $317.50 an ounce, up from $299 late Monday and $291 at the end of last week.
December 21, 1985 | Associated Press
Expectations of lower interest rates and mixed signals on the U.S. economy pushed the dollar lower late Friday against all major currencies. The price of gold bullion was higher in most markets. Republic National Bank of New York said gold was bid at $325.50 an ounce at 4 p.m. EST, up $1.25 from late Thursday's bid. The Federal Reserve added funds to the U.S. banking system for a second straight day Friday by arranging the temporary purchase of government securities.
February 26, 1985 | Associated Press
The dollar staged a broad and powerful advance Monday to extend its historic rally as European central banks apparently refused to intervene against the currency's surge. It was the 15th record-setting day for the dollar out of 17 business days this month, a performance that caused an astonished trader in Frankfurt, West Germany, to exclaim: "Every morning when we come in, the previous day's closing price looks cheap." As the dollar resumed its climb, gold prices tumbled to a 5 1/2-year low.
March 27, 1985 | Associated Press
The dollar staged a broad retreat Tuesday, undercut by falling interest rates in the United States and renewed concern abroad about the stability of the American banking system. As the dollar resumed last week's sell-off following a two-day pause, gold prices rose. Republic National Bank in New York said gold bullion was bid at $324 an ounce, up $8 from the late bid Monday.
April 24, 1986 | DON ALPERT
One of the adjuncts of numismatics is the bullion coin. The conventional coin hobbyist collects coins in series or by countries or denominations. They are treasured for their rarity, condition and beauty. Many investors find them attractive because virtually all denominations have shown growth potential and profitability. So where does bullion fit in? Unlike collector pieces, bullion appeals to investors who wish to diversify their portfolio.
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