US gold tumbled sharply on Friday, reacting on confident U.S. dollar
US gold tumbled sharply on Friday, reacting on confident U.S. dollar, analysts and traders said.
They also pointed out, that gold began to fall even before the dollar turned up. Some also blame profit taking when the dollar did eventually firm.
June contract gold declined $2.80 to $428.30.
The euro rose sharply after the U.S. Labor Department reported that non-farm
payrolls rose only 110,000 in March, when the market had been looking for a more robust 225,000 gain. That eased some of the worries about more aggressive