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Economy: Gold Price #62055

ABC Evening News for Thursday, Sep 06, 1979
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(Studio) Record closing price of gold on London market noted.
REPORTER: Max Robinson

(NYC) 1/3 gold bullion currently sold on world market reported being purchased by Arabs flush with OPEC (Organization of Petroleum Exporting Countries) dollars. Role of United States economy in current gold market outlined. [Gold dealer Henry JARECKI - says it's dangerous for public to participate in market now because they won't be offered same opportunities to get out should market fall rapidly.] Jewelry noted affected by increase over last year, while dental and electronic equipment regains untouched.
REPORTER: Dan Cordtz

Cordtz, Dan;
Robinson, Max

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