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GOLD SLIPS, DOLLAR DROPS ON MOST WORLD MARKETS

SHARE GOLD SLIPS, DOLLAR DROPS ON MOST WORLD MARKETS

The dollar fell Friday against all major currencies except the yen, which suffered from reports of an impending interest rate cut by Japan's central bank.

Gold prices fell worldwide. On the New York Commodity Exchange, gold bullion for current delivery settled at $328.60 a troy ounce, down 60 cents from Thursday. Republic National Bank of New York quoted a late bid of $328.50, down 80 cents.On European markets, the dollar dropped below the 1.60 barrier against the German mark.