Dollar Lower, Gold Falls in Europe

LONDON – The U.S. dollar’s slide continued Wednesday as the greenback hit a record low against the euro and a 26-year low against the British pound. Gold prices fell in European trading.

The euro traded at $1.3772, up from $1.3729 late Tuesday. The 13-nation currency traded as high as $1.3784 earlier in the day. Later, in midday trading in New York, the euro fetched $1.3752.

Other dollar rates in Europe, compared with late Tuesday, included 121.86 Japanese yen, down from 122.03; 1.2011 Swiss francs, down from 1.2053; and 1.0570 Canadian dollars, up from 1.0512.

The British pound traded at $2.0348, up from $2.0267.

In midday New York trading, the dollar bought 122.17 yen and 1.2040 Swiss francs, while the pound was worth $2.0318.

Gold traded in London at $660.48 per troy ounce, down from $663.70 late Tuesday. In Zurich, gold traded at $660.45 per troy ounce, down from $662.05. Gold closed at $664.45 an ounce in Hong Kong, up $3.30 an ounce from Tuesday’s close of $661.15.

Silver traded in London at $12.81 per troy ounce, down from $12.93.