BUSINESS Digest
Gold closed above $300 an ounce for the first time and the dollar tumbled as the world's financial markets reacted to uncertainties over President Carter's energy program and potential Cabinet changes. Gold was fixed at a record $303.85 an ounce in London in the morning and closed at $301. [Page A1.] Treasury Secretary W. Michael Blumenthal, in Congressional testimony about gold's rise and the dollar's fall, stopped short of relating the activity to his resignation offer or those of other Cabinet members, saying, “I wouldn't want to personalize it in any way.” [D3.]


