It is getting tough to believe our money is safe these days, When Goldmach Sachs pulls off these kind of stunts:

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Reuters) - Gold fell 2 percent on Friday to $1,133.65 an ounce, with sentiment hit by dollar strength and news the U.S. Securities and Exchange Commission charged Goldman Sachs Group Inc (GS.N) with fraud on subprime mortgages.

Spot gold was bid at $1,136.25 an ounce at 1548 GMT, against $1,157.95 late in New York on Thursday. The metal earlier hit its lowest since April 7.

U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange fell $23 to $1,137.3 an ounce.

The news of Goldman Sachs being charged with fraud knocked equities and commodities markets sentiment, analysts said.

"The sell-off in stocks has rattled commodities, due to Goldman Sachs being charged for fraud," said Robin Bhar, an analyst at Credit Agricole.

"The commodity markets have been closely correlated to rising stock markets, so any derailment of that trend was going to be slightly negative for commodities."

Analysts said investors were also unnerved by a report that China planned to gradually adopt a floating exchange-rate system for its yuan currency, though analysts said Goldman was the key cause for weakening sentiment.