Thu, 22 Nov 2007

Unlike the US dollar which has fallen comparing to other major currencies the price of Gold has risen in the European trading market.

The euro traded at $1.4828 up from $1.4815 in New York. It earlier hit a record high of $1.4856 before going down.

Other dollar rates in Europe compared to earlier on include 108.49 Japanese yen down from 109.69, 1.1039 Swiss francs down from 1.1060 and 0.9875 Canadian dollars up from 0.9832.

The British pound was quoted at $2.0565 up from $2.0497.In midday New York trading the dollar bought 108.53 yen and 1.1035 Swiss francs while the pound was worth $2.0582.

Gold traded in London at $797.90 per ounce up from $793.00. In Zurich gold traded at $796.90 bid per ounce up from $792.25. Silver also traded in London at $14.39, down from $14.58.

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