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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jul 26, 1983
Page
24
Gold prices drift within a 10 percent range while silver fluctuates, as analysts note gold’s muted performance compared with silver’s volatility. Gold hit 1980 highs and lows amid inflation and oil-price shifts, while silver surged and retreated, reflecting industrial demand and inflation expectations.
McDonald's Corp reports improved operating margins at company-operated restaurants with second-quarter net income at 96.01 million dollars, up from 86.6 million a year earlier as sales rose six percent.
The dollar eased on foreign exchange markets after Europe’s solid session, aided by a White House forecast of improved U.S. deficits which reduced rate fears. Gold bullion prices firmed in quiet trading, with London dealers fixing $426.25 per ounce and Hong Kong gold rising to $425.56. Silver edged higher in London to $12.40, with New York quotes near $12.39.
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