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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (26076)	1/13/1999 10:38:00 AM
From: Alex	Read Replies (1) \| Respond to of 116786

1/13/99 - Market Special: Brazil Devaluation Hurts N.Y. Gold, Silver <Picture> New York-Jan. 13-FWN--Gold and silver futures are sharply lower here after Brazil"s central bank today announced a change in the band of the real, an effective devaluation of 9% of the currency. Sources said this has prompted fears of possible gold sales by Brazil, as well as sales of gold and silver by investors in Brazil. The change in the band of the real was announced on the same day that the president of Brazil"s central bank, Gustavo Franco, resigned. February gold has been as low as $285 and March silver as low as $5.07.