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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: Terry Rose who wrote (9870)	4/12/1998 8:25:00 PM
From: goldsnow	Read Replies (1) of 116762

At Monday's exchange rate of about 128 yen to the dollar, 08:01 p.m Apr 12, 1998 Eastern At Monday's exchange rate of about 128 yen to the dollar, the current account surplus stood at $13.0 billion, while the surplus in merchandise trade alone was $11.4 billion. The data was well above an average of forecasts by economists polled by Reuters of a rise of 67.0 percent to 1.41 trillion yen. Economists had said they expected the increase because of sluggish imports, caused mainly by feeble domestic demand and a weaker yen, in addition to a slowdown of a rise in exports. Sagging consumer sentiment in Japan and a weaker yen should mean a decline in the services deficit, which in turn would lead to a rise in the current account surplus, economists say. ((Tokyo Newsroom +81-3 3432 8022 tokyo.newsroom+reuters.com)) ^REUTERS@

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