FXstreet.com (Barcelona) - Along with all commodities, gold futures saw great losses Friday and have continued to slide Monday. Gold for June has shed almost $8 on the day and is currently trading at $1129, a 0.69% daily loss.
James Mound Trading Group Team reflect, "Gold and silver plunged on the S&P selloff and dollar rally. The euro currency is in serious trouble and that realization is likely going to send gold and silver into a tailspin through month's end. Price deflation in oil and grains will also be catalysts for a decline in precious metals."
