• Short Summary

    IN PARIS, THE BANK OF FRANCE INTERVENED IN THE GOLD MARKET TODAY (FRIDAY) TO BRING DOWN THE PRICE OF GOLD.

  • Description

    IN PARIS, THE BANK OF FRANCE INTERVENED IN THE GOLD MARKET TODAY (FRIDAY) TO BRING DOWN THE PRICE OF GOLD. UNPRECEDENTED DEMAND FOR ONE-KILO INGOTS MADE THE PRICE SOAR TO 6,000 FRANCES AGAINST THURSDAY'S 5,585: THE BANK STABILISED THE FIGURE AT 5,640 FRANCS.

    THE NEWSPAPER LE MONDE SAID: "IT SHOULD BE POINTED OUT THAT THE BASIC CAUSE OF THE CURRENT CRISIS IS THE WEAKNESS OF THE POUND STERLING AND THE NEW FEVERISH OUTBREAK ON THE LONDON MARKET SHOWS THE FRAGILITY OF THE INTERNATIONAL MONETARY SYSTEM."
    SPECULATION HAS BEEN TRIGGERED OFF BY THE NEWS FROM PARIS LAST WEEKEND THAT THE FRENCH GOVERNMENT INTENDED TO CONVERT A PART OF THEIR RESERVES FROM DOLLARS INTO GOLD. IT IS ALSO BELIEVED THAT FRANCE INTENDS TO TAKE ANY FUTURE ADDITIONS TO ITS RESERVES IN GOLD RATHER THAN DOLLARS.

    IN LONDON, THERE WAS A DAY OF HECTIC ACTIVITY ON THE GOLD MARKET. IN DEALING THAN AT ANY TIME SINCE THE CUBA CRISIS THE DOLLAR PRICE OF GOLD WAS PUSHED UP ANOTHER 3 CENTS HIGHER TO CLOSE AT A RANGE BETWEEN $ 35.17 AND & 35.20 AN OUNCE.

  • Tags

  • Data

    Film ID:
    VLVA7TABKAAKBORFZJE2D68GZQODN
    Media URN:
    VLVA7TABKAAKBORFZJE2D68GZQODN
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    08/01/1965
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:22:00
    Time in/Out:
    /
    Canister:
    N/A

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