AFTERMATH OF WAR: The Home Front : Market Update
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OIL: Crude closed 30 cents higher at $19.16 a barrel.
DOW INDUSTRIALS: The 30 industrial average dropped 6.93 to 2,882.18.
CREDIT MARKETS: Bond prices retreated as anxious traders fretted over the economy’s future following the war.
METALS: Gold prices moved sharply higher in response to the Gulf developments. Gold advanced $5.70, closing at $367.40 an ounce.
CURRENCY: The dollar advanced against other major currencies, boosted by speculation that U.S. interest rates would remain stable.
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