Originally created 01/17/04

Dollar up, gold down in Europe



LONDON -- The U.S. dollar rose against other major currencies in European trading Friday. Gold fell.

The euro was quoted at $1.2396 in late European trading, down from $1.2597 Thursday. Later, in midday trading in New York, the euro traded at 1.2412.

Other dollar rates in Europe, compared to late Thursday, included 106.60 Japanese yen, up from 106.00; 1.2651 Swiss francs, up from 1.2406; and 1.2997 Canadian dollars, up from 1.2967.

The British pound was quoted at $1.8015, down from $1.8227.

In midday trading in New York, the dollar bought 106.54 yen, and the pound was worth $1.8021.

Gold closed in London at $408.60 bid per troy ounce, down from $410.70 on Thursday.

In Zurich the bid price was $407.27, down from $410.68.

Gold fell $10.00 in Hong Kong to $407.75.

Silver closed in London at $6.23 bid per troy ounce, up from $6.21.



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