Money: More Gold, Less Deficit

During the height of its monetary crisis last March, the U.S. lost some $1.2 billion worth of gold, the biggest outflow ever in one month. Since then, the situation has eased. In April, the nation's gold loss dropped to $156 million, in May to $79 million. Last week came the most encouraging word yet. During June, the Treasury Department announced, the U.S. enjoyed a net inflow of $213 million worth of gold, the biggest single increase in the nation's bullion reserves in more than four years and the first monthly gain of any kind since last September. The June...

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