World: Dollar Up Sharply
The U.S. dollar rose sharply in Tokyo and was higher in Europe yesterday after the Easter Ijoldidays, and dealers said trading reflected the expectation that the Federal Reserve would tighten credit.</br></br>Gold closed in Zurich at $232,525 an ounce against $235.95 last Wednesday, the last day of trading before the long holiday weekend. In London gold fell $1.50 to $232,125 an ounce from $232,625 Thursday. In New York gold closed at $233.25 an ounce and dealers said results of the U.S. Treasury sale of gold were modestly bullish.Û The cutoff price, or the .lowest bid accepted, was $230.10,</br></br>In Zurich, the dollar rose sharply to 1.7235 Swiss francs from 1.7135 last Wednesday. In Paris, the dollar rose to 4.3725 French francs from 4.3675; in Brussels, to 30.72 Belgian francs from 30.6370; in Amsterdam ' to 2.0585 guilders from 2.0560; and in Milan to 845.45 lire from 843.70.</br></br>OPEC PRICES: The Organization of Petroleum Exporting Countries^Ûª will reconsider oil prices at its meet-"' ing scheduled for June in Kuwait,11* Kuwait oil minister Sheikh Ali Kha-'~ lifa as Sabah said yesterday.	"</br></br>The Kuwaiti minister denied- re-"' ports that Kuwait would not impose?Ûª a surcharge of $1.80 per barrel irt'å¡ selling Kuwaiti crude to the Third World countries.	"	Û