Gold eased on Tuesday as investors booked profits after prices hit record highs the day before, but sentiment was underpinned by a weak dollar which makes bullion cheaper for holders of other currencies and boosts its appeal as an alternative asset.

Gold retreated from a record high above $1,170 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fueling momentum buying after the metal's sharp run higher earlier this month.

Gold prices continue to make fresh highs but there could be a possible correction come 2010, warned Bill McQuaker, head of equities & director of multi-manager funds at Henderson Global Investors.

Gold powered to a record above $1,160 an ounce on Monday after a rally in the dollar ran out of steam, strong oil prices resurrected inflation worries, and a drop in U.S. stocks stirred doubt about the economic outlook.

Gold powered to a record above $1,160 an ounce on Monday after a rally in the dollar ran out of steam, strong oil prices resurrected inflation worries, and a drop in U.S. stocks stirred doubt about the economic outlook.

Gold powered to a record above $1,160 an ounce on Monday after a rally in the dollar ran out of steam, strong oil prices resurrected inflation worries, and a drop in U.S. stocks stirred doubt about the economic outlook.

Gold powered to a record above $1,160 an ounce on Monday after a rally in the dollar ran out of steam, strong oil prices resurrected inflation worries, and a drop in U.S. stocks stirred doubt about the economic outlook.

A ray of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, published his office’s report on the government bailout last year of the American International Group.

Gold rallied late Friday in the face of a stronger dollar and ended higher for a third straight week on investor sentiment amid inflation concerns and economic uncertainty.

Gold prices retreated on Thursday from the record high above $1,150 an ounce they reached in the previous session, reacting to a rise in the dollar as investors took profits in higher-yielding currencies.

Gold futures rose to record high of $1,151 an ounce Wednesday, as stronger-than-expected U.S. consumer prices stirred inflation worries.

Gold fell in Europe on Tuesday, after the previous day's rally to record highs, as the dollar recovered from a 15-month low, but analysts said the rising trend was still firmly in place.

Gold raced to a record high above $1,140 an ounce Monday, gaining 2 percent as a weakened dollar boosted funds' risk appetite for investments across the board.

Gold turned higher Friday to trade within striking distance of its record high, as a lower dollar amid economic worries boosted bullion's appeal as a currency hedge.

Saudi Oil Minister Ali al-Naimi said on Friday the Kingdom's overall downstream investment drive will double its refining capacity at home and abroad by 2015.