Gold Prices Slide to New Lows Across Markets
Gold fell to new lows as IMF sales and ongoing selling by South Africa the Soviet Union and oil nations pressured prices. Dealers warned of further declines with the market stabilizing only around the 111 112 level in Zurich while London and New York saw further losses and currency volatility followed.
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Brussels
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Christians Launch New Assaults In Lebanon
Christian militiamen launched pre dawn attacks on Aintoura and Metein nine plus miles east of Beirut aiming to clear Palestinans and leftists from the mountains. U S officials studied evacuation routes for more than 400 foreigners as the embassy postponed an overland convoy due to fighting along Beirut Damascus roads.
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Doyle McManus
Beirut
Lebanon
UPI
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Damascus
Aintoura
Metein
Egypt and Sudan seal 25 year defense pact
Egypt and Sudan announce a 25 year joint defense pact to counter Libyan threats. Sadat and Numeiry signed July 15 in Alexandria. The accord creates a joint defense council and a joint military staff authority, aiming to coordinate political and military strategies.
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Soviet Carrier Kiev Moves Toward Eastern Mediterranean
UPI reports the Soviet aircraft carrier Kiev, the USSRs only full carrier, left the Black Sea via the Bosporus and heads toward the eastern Mediterranean. The 900 foot ship weighs 30,000 to 40,000 tons and carries 25 to 30 Yak 36 STOVL aircraft along with about two dozen Hormone helicopters, signaling a potentially significant shift in naval power balance.
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John Milne
Washington
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U.S
Precaution and Snack Trends in a Cautious Era
Advice on home security stresses simple precautions to deter burglars and avoid tips that ease break ins. A nutrition brief highlights US snack trends with Weight Watchers Fruit Snacks, made from fresh fruit in foil packages, aimed at on the run eaters.
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