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Gold slid more than 1 percent to its lowest since early 2010 on Friday, on course for its biggest weekly loss in nine months, as upbeat US jobs data helped deepen this week's rout and fuelled fears the metal still has some way to fall. A breach of key support levels pushed more sellers to cut their exposure and market players warned that gold prices could fall further before any convincing recovery.
Bullion tumbled 3.3 percent on Monday, the biggest drop since September 2013, in a sell-off accompanied by big trading volume in New York and Shanghai. Friday's drop to session lows also saw sizable volume on those exchanges. Spot gold fell as much as 1.2 percent to 1,077 an ounce, its lowest since February 2010. It was down 0.5 percent at $1,084.80 at 0610 GMT.

Copyright Reuters, 2015

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