Dollar Falls, Gold Rises in Europe
Thursday, August 31st 2006
The U.S. dollar fell against other major currencies in European trading Thursday morning. Gold rose.
The euro was quoted at $1.2852, up from $1.2829 late Wednesday in New York.
Other dollar rates: -117.06 Japanese yen, down from 117.13 -1.2253 Swiss francs, down from 1.2284
-1.1064 Canadian dollars, down from 1.1095
The British pound was quoted at $1.9074, up from $1.9035.
Gold dealers in London fixed a recommended price of $621.75 at midmorning, up from $617.60 late Wednesday.
In Zurich, gold traded at $621.90 up from $618.18.
Gold rose $5.70 in Hong Kong to $621.60.
Silver opened in London at $12.47 per troy ounce, up from $12.44.
