Gold prices fell almost 1.5 percent on Friday as a stronger dollar sparked a wave of end-of-week selling amid mounting fears about the euro-zone debt crisis and after Chinese economic growth data disappointed investors.
Bullion ended off session lows to finish down 1.2 percent. For the week, it finished up almost 1 percent, its largest weekly rise since the end of February.
But a late afternoon sell-off saw gold prices tumble $10 in a matter of minutes as concerns about the deepening euro-zone debt crisis fuelled end-of-week liquidation. Traders suggested banks may be looking to reduce risk and bolster capital flows.
