Demand for gold in India usually peaks near the Diwali holiday, but with a weaker economy Indians see silver as a cheaper alternative.» Read More
Gold rose after physical buyers of bullion grabbed the chance offered by the previous session's record-breaking one-day drop, but investors expected more falls.
Gold plummeted more than 9 percent, and settled down more $140 per ounce, as investors ditched the precious metal en masse in search for better returns in other assets.
Gold settled close to $1,500 per ounce, a drop of more than 20 percent from its record 2011 highs, putting it in bear market territory for the first time after 12 years of gains.
Gold bounced back from a one-week low hit in earlier trade to end at $1,564 per ounce, as a weak dollar prompted buyers to pick up bargains, although analysts expect the rebound will be short-lived.
Cyprus plans to sell 400 million euros' worth of reserves to finance part of its bailout, according to European Commission documents. The move marks the biggest euro zone bullion sale in four years.
Gold rose on Tuesday as volatility in the currency market triggered by Japan's aggressive monetary easing plan lifted bullion's appeal as a hedge against inflation and currency fluctuations.
Gold fell below $1,650 an ounce after data showed disappointingly small growth in U.S. retail sales in January, while some investors stayed at the sidelines ahead of a G20 meeting later this week, which is expected to set the tone for the gold trade.
Gold fell to a six-week low on renewed economic worries over the euro zone, which weighed down on bullion's inflation-hedge appeal.
Gold tumbled to a six-month low on Friday, breaking through technical support near $1,630 an ounce, as the euro weakened against the dollar ahead of a G-20 meeting.
Gold slipped Monday but was off its six-month low, helped by buying from Asia, where Chinese participants returned to the market from a one-week holiday.
Gold reversed earlier gains on Tuesday, as physical buying from Asia that drove a recovery from six-month lows eventually gave way to selling.
Gold fell below $1,600 an ounce to a seven-month low, as rumors of a troubled hedge fund forced to liquidate positions triggered a sell-off of commodities.
Gold rose 1 percent on Thursday as weaker U.S. economic data boosted hopes that the Federal Reserve will maintain its monetary stimulus, allaying fears that the U.S. central bank may stop buying assets soon.
Gold retreated under $1,600 an ounce on Friday, paring earlier gains in line with the euro and stock markets, and stayed on track for a second straight weekly loss.
Gold rose on Monday, as euro zone fears related to an uncertain outcome for Italy's election lifted safe-haven buying.
Gold rose 1.3 percent, its biggest one-day gain in three months, as Federal Reserve Chairman Ben Bernanke's defense of U.S. bond-buying stimulus boosted bullion's inflation-hedge appeal.
Gold fell 1 percent, nearly erasing all of the previous session's gains, hit by disappointment over a lack of new Federal Reserve stimulus and deflation worries over across-the-board deep U.S. spending cuts.
Gold headed towards its longest run of monthly declines in more than 16 years, as an improved economic backdrop and lower inflation concerns continued to blunt its appeal to investors.
Gold mired in negative territory as the dollar extended gains after positive economic data and ahead of impending U.S. budget cuts.
Gold prices eased on Monday as demand waned for gold-backed exchange-traded funds and investors continued to digest the effect of wide-ranging U.S. government spending cuts on bullion.