The U.S. dollar was higher against other major currencies in European trading Wednesday. Gold prices fell.

The euro traded at $1.2520, down from $1.2580 late Tuesday in New York. Later, in midday trading in New York, the euro bought $1.2529.

Other dollar rates in Europe, compared with late Tuesday, included 116.35 Japanese yen, up from 116.28; 1.2486 Swiss francs, up from 1.2427; and 1.1255 Canadian dollars, up from 1.1211.

The British pound traded at $1.8152, down from $1.8230.

In midday New York trading, the dollar bought 116.29 yen and 1.2476 Swiss francs, while the pound was worth $1.8156.

Gold in London traded at $579.95 per troy ounce, down from $593.60 late Tuesday.

In Zurich, gold traded at $578.65, down from $593.40.

Gold fell $4.80 in Hong Kong to close at $583.70.

Silver traded in London at $10.24 per troy ounce, down from $10.60.