Foreign Exchange for Thursday, Sept. 4, 1986 : Dollar Rises Against Most Currencies
NEW YORK — The dollar turned higher against most major currencies in the United States on Wednesday, after falling in Europe, while precious-metal prices rebounded from the previous day’s trading.
Platinum for current delivery rose $11.90 to 663.80 an ounce on the New York Mercantile Exchange. Platinum had fallen $11.30 on Wednesday.
Gold was quoted at $409.75 an ounce at Republic National Bank in New York, up $6.25 from Wednesday’s bid.
Gold for current delivery rose $5.50 to close at $410 an ounce on the Commodity Exchange in New York. Silver rose 3.3 cents to $5.35 an ounce on the Comex.
Dealers said Thursday’s increase in precious-metal prices represented a continuation of some of the gains made earlier in the week.
“It had more of a momentum behind it than anything else,” said Charles Spence, vice president of international treasury marketing at Security Pacific National Bank.
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