The Archive · 1934

Gold Reaches New High Records

London, Oct. 9.

Gold continues to soar to new high records, parily due to the further weakness of sterling accentuated by the general buying of dollars Induces the belief that President Roose-welt's monetary experiments are now price is 142/9, being 134. ov 4. This Is due to at 4.90% and Bid

the keen demand for gold by nervous continental operators, who are afraid Test a link in the sold bloc be forced to abandon fold, Belgium being par~ ticularly, suspect.

'These interests are of the opinion that any such abandonment would further aggravate the strain on'sterling. In the circumstances, the general opinion appears to' be that sterling will continue in the downward. trend while gold will rise to new levels.—Reuter

Text read from the printed page and cleaned; old type leaves the occasional error.

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