Most prices slide as US dollar races higher

London

COMMODITY prices mostly sank last week as the dollar soared on strong US payrolls data, while many markets were also weighed down by abundant supplies and weak demand.

Brent oil tumbled on Friday to two-year troughs, gold carved out the lowest level so far this year and cocoa slid on profit-taking from recent 3½-year highs that were forged on output fears linked to Africa's Ebola outbreak.

Oil: Brent oil plunged on Friday in reaction to the strong dollar, with sentiment also rocked last week after key crude exporter Saudi Arabia cut its prices.

The dollar rallied on news that a strong 248,000 net n…