Gold Drops 2 Percent as Dollar Gains Momentum

CNBC reported that gold slid to a two-week low on Friday as equities and the dollar gained strength.

As quoted in the market report:

Rising optimism over the U.S. recovery has also boosted the appeal of assets like stocks at gold’s expense, and has called into question the scope of the Federal Reserve’s quantitative easing programme, a major support to bullion in recent years.

To view the whole CNBC report, click here.