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Americans Turn To Precious Metals Amid Dollar Decline
New York AP reports Americans increasingly buy gold as inflation erodes dollar value. Analysts cite rising demand from ordinary investors alongside traditional buyers. gold hits record highs in New York at 451 per ounce, London 450, Zurich 445.50 as OPEC oil concerns loom and currency markets shift.
MENTIONED IN THIS ARTICLE
New York
Nicholas Deak
Deak-Perera
London
Zurich
S. Jeffrey Nichols
Research Corp
Iran
James Sinclair
James Sinclair & Co
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Deak
David Fitrick
Wall Street
Merrill Lynch
Pierce, Fenner and
Smith
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Frankfurt
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