Originally created 03/16/04

Dollar down, gold up in Europe



LONDON -- The U.S. dollar was down against other major currencies in European trading Monday. Gold rose.

The euro was quoted at $1.2218 in late European trading, up from $1.2193 Friday. Later, in midday trading in New York, the euro traded at $1.2226.

Other dollar rates in Europe, compared to late Sunday, included 110.69 Japanese yen, down from 111.15; 1.2800 Swiss francs, down from 1.2863; and 1.3320 Canadian dollars, down from 1.3354.

The British pound was quoted at $1.7955, up from $1.7945.

In midday trading in New York, the dollar bought 110.67 yen, and the pound was worth $1.7975.

Gold closed in London at $398.00 bid per troy ounce, up from $396.10 on Friday.

In Zurich the bid price was US396.85, up from $395.55.

Gold fell $1.90 in Hong Kong to $398.45.

Silver closed in London at $7.09 bid per troy ounce, up from $6.99.



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