New York Buyers Drive Gold to 800 An Ounce
Gold surged to 800 an ounce in New York after a brief dip as dealers called the late rally panicky. Prices hit 765 in London and 730.5 in Zurich, with silver at 44 after a 48 London fix earlier.
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 17, 1980
Page
28
Gold surged to 800 an ounce in New York after a brief dip as dealers called the late rally panicky. Prices hit 765 in London and 730.5 in Zurich, with silver at 44 after a 48 London fix earlier.
Crowds flood shops and refineries as gold prices surge with top grade bullion reaching 770 dollars an ounce before slipping to 748. Onlookers line up outside Rodman & Yaruss Refining Co as buyers swap rings bracelets and chains for cash amid a frenzied market.
Copper and brass mill price increases announced by Olin Corp and Century Brass Products reflect higher copper and tin costs. Municipal bonds see a 25 percent surge to 5 billion in new investments led by tax exempt funds, with unit trusts outperforming mutual funds. Cadillac recalls 18,900 1980 Sevilles and Eldorados to inspect potentially loose screws in a shift control bracket.
Street closure on Old River Road SW near Ely and Sunshine for culvert work will last one to two weeks. Various community ads list events, sales, auctions, meetings, and services across Cedar Rapids including a town house game night, Elks Club Las Vegas night, a baby’s social, and a library-like Q and A with agriculture officials.
Industry groups plan court challenges to OSHA’s plan to speed up the regulation of about 500 chemicals linked to cancer in the workplace. The rule aims to set exposure limits for roughly 10 chemicals yearly, up from two, with broad implications for labor and business costs.
Cedar Rapids report notes brisk demand for appraisals as gold and silver values surge. Local merchants like Doug Stover of Cedar Rapids Silver and Gold Exchange report many customers selling for market gains while others seek insurance rechecks and reappraisals.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.