Gold falls below $1500.00 support

FXstreet.com (Barcelona) - The price of gold has seemingly collapsed Friday, falling below the key 1500 support that was fortifying any prolonged plunge during its most recent bearish plights. Indeed, gold tumbled to the lowest price since the end of 2011 on signs that investors are favoring the dollar and equities as the global economy recovers. At the time of writing, the yellow metal is trading at USD $1504.80, as heavy support lies at the 1500 level.