Correction to Gold Hits Record High Article on July 24
07/31/2020 | 04:44pm EDT
President Nixon in 1971 ended a quasi gold standard involving a fixed gold-dollar conversion price, letting the dollar float freely against other currencies. "Gold Climbs to All-Time High, Topping 2011 Record -- Update" at 2:00 p.m. ET on July 24, incorrectly said Mr. Nixon simply ended the gold standard that year.