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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 07, 1978
Page
12
The dollar changed little across major European exchanges at opening with gold firming to 185.40 an ounce. Frankfurt, Milan, Paris, Zurich and London posted modest gains or declines as investors awaited clarity on U.S. economy, miners' strike effects, and overseas monetary actions.
Kuwait oil minister Ali Khalifa al Sabah calls for a substantial rise in oil prices to offset losses from a weakening dollar. He urges a quick OPEC meeting to agree on a common pricing policy for the future, noting Kuwait suffers about $1 million daily losses.
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