Dollar Falls, Gold Rises in Europe

LONDON (AP) — The U.S. dollar was mostly lower against other major currencies in European trading Tuesday. Gold rose.

The euro traded at $1.4710, up from $1.4696 late Monday in New York. Later, in midday trading in New York, the euro fetched $1.4721.

Other dollar rates in Europe, compared with late Monday, included 109.67 Japanese yen, up from 109.03; 1.1150 Swiss francs, down from 1.1162; and 0.9986 Canadian dollars, down from 1.0061.

The British pound was quoted at $1.9735, up from $1.9697.

In midday New York trading, the dollar bought 109.20 yen and 1.1127 Swiss francs, while the pound was worth $1.9727.

Gold traded in London at $874.20 per troy ounce, up from $857.30 late Monday. In Zurich, gold traded at $871.60 bid per troy ounce, up from $857.75.

Silver traded in London at $15.51, up from $15.13.