Dollar Falls, Gold Rises in Europe

August 31, 2006 - Posted in Mining Services, Mining Stocks, Precious Metal

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.


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