The dollar was higher against all other major foreign currencies in early European trading today amidst continuing concern over the Middle East crisis. Gold prices were higher. Traders said they expected the dollar to continue gaining ahead of an Arab League meeting in Cairo today and on reports of further Iraqi troop movements toward Kuwait and toward the border with Turkey. ``The market is reserved,'' said a trader at a major West German bank in Frankfurt. ``The (Middle East) situation looks like it can only get worse.'' In Tokyo, where trading ends as Europe's business day begins, the dollar rose 0.07 yen to a closing 149.75 yen. Later, in London, it was quoted at a higher rate of 150.10 yen. Other dollar rates at midmorning compared with late Thursday: _1.5974 West German marks, up from 1.5915 _1.3455 Swiss francs, up from 1.3385 _5.3607 French francs, up from 5.3340 _1.7985 Dutch guilders, up from 1.7930 _1,170.50 Italian lire, up from 1,164.75 _1.1473 Canadian dollars, up from 1.1467 In London, the dollar rose against the British pound, and was quoted at $1.8690, compared with $1.8720 late Thursday. Gold opened in London at a bid price of $387.00 a troy ounce, up from $385.25 bid late Thursday. At midmorning, the city's major bullion dealers fixed a recommended price of $388.75. In Zurich, the bid price was $388.75, up from $385 late Thursday. Earlier, in Hong Kong, gold rose $3.84 to close at a bid $388.01. Silver rose in London to a bid price of $4.90 a troy ounce, from Thursday's $4.87.
