| Gold on Friday plunged more than $30 an ounce after a better-than-expected US jobs report saw the dollar soar to multi-year highs. In heavy trade of more than 20m ounces in New York, gold for delivery in April fell $32.33 an ounce or 2.7% from Thursday's close hitting a low of $1,163.87 an ounce during one of the worst trading days in a year.
Gold is now at the lowest price since mid-November and more than $140 below its 2015 high struck January 22. Gold's gains earlier this year were ascribed to safe haven buying amid currency turmoil, a slowing global economy, geopolitical concerns, the fallout of the collapse in oil prices and a debt crisis in the eurozone...............................................Full Article: Source
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