Business: Stemming the Outflow

The steady outflow of U.S. gold, one of the Government's biggest problems, last week seemed to be solving itself—at least temporarily. The price of gold on the London market fell to $35.20, lowest since last October's gold crisis. At that price, European central banks can buy gold on the free market (rules of the International Monetary Fund prevent their paying more than $35.35), thus do not have to get gold by drawing on their U.S. gold credits. The price drop not only dampened speculation but cut U.S. gold losses.

Last week the U.S. gold outflow was only $9,000,000, the smallest one-week change...

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