Gold futures tumbled over $8 per ounce, or more than 1.8 percent Monday on heavy speculative selling spurred by suddenly strong U.S. dollar and a deteriorating chart or technical pattern.
April gold contract settled $8.30 lower at $431.40 per ounce on the Comex division of the New York Mercantile Exchange.
A majority of April's slide occurred at the open after spot gold prices
tumbled to nearly two-week lows during the Asian and European sessions.
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US Dollar Sent Gold $8 Lower
Gold futures tumbled over $8 per ounce, or more than 1.8 percent Monday on heavy speculative selling
