Gold prices fell more than 1 percent during Asian trading Friday plunged to its lowest level in five and a half years, and is heading towards its biggest weekly loss in nine months.
Strong jobs data in the United States and helped to deepen the yellow metal losses this week, and stoked fears that it may continue to decline.
And dropped the price of gold for immediate sale 1.2 percent to $ 1077 for ounce, the lowest level since February 2010, before recovering slightly to $ 1082.80 by 0400 GMT.
And increased the precious metal losses since the beginning of the week to more than 4 percent, the biggest weekly decline since October last year.
And US futures fell for gold delivery in August 1.3 percent to $ 1072.30 an ounce, the lowest level since October 2009, before recovering to $ 1082.10.