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U S Gold Reserves Drop Amid Dollar Backing Debate
A Treasury gold reserve decline amid rising money supply sparks debate on backstopping the dollar. Analysts note the falling gold ratio to money supply and discuss potential policy shifts from lowering reserve requirements to dropping gold backing entirely. Foreign central banks hold large dollar balances while the U S balance of payments deficit persists.
MENTIONED IN THIS ARTICLE
Dawson
Dawn
AP Business News
New York
U.S
Treasury
Muuch
Bank of England
U.S. Treasury
ULS
Jis
Davy
Federal Reserve
Gould