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Switzerland Currency

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BUSINESS
October 25, 1997 | From Times Staff and Wire Services
Gold fell on Friday to its lowest price in 12 years, in reaction to a Swiss proposal to sell almost half its gold reserves, a development that heightened expectations of a further wave of central bank gold sales that could depress prices further. Gold prices also are being hurt by the currency and stock market turmoil in Southeast Asia, which have sparked fears that Asian investors may sell some of their holdings in the precious metal.
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BUSINESS
October 25, 1997 | From Times Staff and Wire Services
Gold fell on Friday to its lowest price in 12 years, in reaction to a Swiss proposal to sell almost half its gold reserves, a development that heightened expectations of a further wave of central bank gold sales that could depress prices further. Gold prices also are being hurt by the currency and stock market turmoil in Southeast Asia, which have sparked fears that Asian investors may sell some of their holdings in the precious metal.
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