Originally created 04/01/04

Dollar down, gold up in Europe

LONDON -- The U.S. dollar fell Wednesday morning against most other major currencies in European trading. Gold prices rose.

The euro was quoted at $1.2229, up from $1.2196 Tuesday.

Other dollar rates compared with late rates Tuesday included: 103.95 Japanese yen, down from 105.63; 1.2760 Swiss francs, down from 1.2777, and 1.3037 Canadian dollars, down from 1.3062.

The British pound was quoted at $1.8340, up from $1.8283.

Gold dealers in London fixed a recommended price of $423.00 bid per troy ounce at midmorning, up from $420.70 late Tuesday. In Zurich, the bid was $422.38, up from $419.38.

Gold rose $4.40 in Hong Kong to $423.25.

Silver opened in London at $7.79 bid per troy ounce, up from $7.73.

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