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Gold' job data-induced Friday meltdown continued into Monday's early session hours, adding another $25 to the sacrificial price bonfire and dragging the metal down to almost $90 lower than where it had found itself literally just hours ago. Somewhere, far away, one Isaac Newton, stopped rolling over in his grave, and expressed content as to the laws of gravity still being applicable in this particular quadrant of deep space. In the background, the US dollar was piling on another 0.32 and traded at 76.02 on the index, while the euro slipped to under 1.48 against it. Not much net change in oil, however, which, despite touching a two-month low, dropped only 61 cents to near $74.75 per barrel.
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