UPDATE 6-Gold slides to three-month low as dollar rises
* Dollar heads for biggest weekly rise in 3-1/2 years
* Oil slides more than $2/barrel, other commodities decline
* Silver down nearly 5 pct to seven-month low, tracking gold
(Recasts, updates prices, adds comment)
By Jan Harvey
LONDON, Aug 8 (Reuters) - Gold slid more than 2 percent on Friday to a three-month low as the dollar headed for its biggest weekly rise in 3-1/2 years, and looked set to fall further as investors liquidated commodity holdings.
Gold <XAU=> was at $850.90/851.90 an ounce at 1414 GMT, down from $871.05/872.45 late in New York. Earlier the metal hit an session low of $850.50, its weakest level since May 2.
The precious metal is down nearly $60 an ounce, or 6 percent, from its level in New York late last Friday.
"The main driver at this point is the strength of the dollar, without a doubt," said Tom Hartmann, a trader at Altavest Worldwide Trading. Continued...
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