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Join Forces To Halt Gold Outflow
New York AP reports business and government unite to curb U S gold outflow amid London market price spikes. Treasury and Fed work with foreign central banks to stabilize gold and defend the dollar. the summit headed by U S Steel chairman Roger M Blough weighs freeing the dollar from gold reserves. The balance of payments deficit drives gold concerns as foreigners hold more U S dollars abroad and invest in U S resources.
MENTIONED IN THIS ARTICLE
NEW York
U.S. Treasury
London Free Market
U.S
London
Federal Reserve System
Treasury
Roger M. Blough
U.S. Steel
Henry C. Alexander
Morgan Guaranty Trust
Crawford
United States
Ft. Knox