Gold Price Slides

Gold tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying and rekindled worries the Federal Reserve could be tempted to scale back its monetary stimulus later this year. The spot price of bullion dropped by as much as 3.3 percent to a session low of $1,207.50 an ounce. U.S. gold futures for August settled down 3.1 percent at 1,212.70 an ounce. (Agency)