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U.S. dollar falls, gold higher in European trading

U.S. dollar falls, gold higher in European trading

The U.S. dollar hit new depths against the euro Thursday and fell against other major currencies in European trading. Gold rose.
The dollar sagged following the U.S. Federal Reserve's decision on Wednesday to lower its key interest rate by half a point to 4.75 percent.
The euro traded at US$1.4077, up from US$1.3964 late Wednesday in New York.
Other dollar rates:
_114.65 Japanese yen, down from 116.09
_1.1703 Swiss francs, down from 1.1838
_1.0002 Canadian dollars, down from 1.0144
The British pound was quoted at US$2.0135, up from US$2.0025.
Gold traded in London at US$734.60 per troy ounce, up from US$722.45 late Wednesday.
In Zurich, gold traded at a US$733.15 bid per troy ounce, up from US$719.85.
Gold closed at US$729.35 an ounce in Hong Kong, up US$4.25 an ounce from Wednesday's close of US$725.10
Silver traded in London at US$13.37, up from US$12.96.


Updated : 2021-10-16 14:10 GMT+08:00