Gold price tumbled $15.32 to $1,528.81 Friday morning

The gold price tumbled $15.32 to $1,528.81 Friday morning amid weakness in commodities and strength in the U.S. dollar. Silver fell alongside the gold price, by $0.66, or 1.8%, to $36.91 per ounce, while oil sunk 1.1% to $100.79 per barrel. The euro slid 0.3% to 1.4465 against the dollar as ongoing concerns over the Greek sovereign debt crisis weighed on the European currency. In Asia and Europe, equity markets were weighed down by a report on China’s trade surplus, which came in below expectations.

On Thursday the gold price stretched its streak of consecutive closes between $1,535 and $1,545 per ounce to ten. The advance in the price of gold came amid broad-based gains for commodities and equities, following six straight down days for the broader markets. The price of gold climbed to as high as $1,550.80 in morning trading, but pared its gains as the day progressed. The SPDR Gold Trust (GLD), a proxy for the gold price and the world’s largest gold ETF, added $0.75, or 0.5%, at $150.56 per share.