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Dollar Falls, Gold Rises in Europe

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25 March 2008 @ 12:56 pm EST
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LONDON - The U.S. dollar was lower against other major currencies in late European trading Tuesday. Gold rose.

The euro traded at $1.5586, up from $1.5418 late Monday in New York. Later, in midday trading in New York, the euro fetched $1.5599.

Other dollar rates in Europe, compared with late Monday, included 99.95 Japanese yen, down from 101.01; 1.0082 Swiss francs, down from 1.0213; and 1.0174 Canadian dollars, down from 1.0184.

The British pound was quoted at $1.9982, up from $1.9841.

In midday New York trading, the dollar bought 100.23 yen and 1.0086 Swiss francs, while the pound was worth $1.9989.

Gold traded in London at $933.35 per troy ounce, up from $918.30 late Monday in New York. In Zurich, gold traded at $928.15 bid per troy ounce, up from $920.35.

Silver closed in London at $17.70, up from $17.22.

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