Gold Soars on Move By Central Banks September 28, 1999 – Posted in: Press
By PETER A. McKAY and MICHAEL M. PHILLIPS Published: September 28, 1999 Wall Street Journal It has been a long time since the phrase “good as gold” has had a ring of truth. But Monday came close. The metal’s value skyrocketed $14 an ounce to $281.80, hitting a five-month high on news that 15 European central banks won’t unload extra gold onto the market for the next five years. Analysts said the unexpected move virtually…
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