In the world's money marts last week, all the talk, the worry and the news was about gold. The price of gold in London hit $35.25 ½ an ounce, highest since London's free market reopened six years ago. The swelling demand for gold by the world's bankers, as well as by private investors, reflected the troubled political state of the world and uncertainty over which way the U.S. economyand thus the value of the dollaris headed.
One of the big buyers last week was the Bank of Italy, flush with the dollars from...
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