Gold drops under $600 an ounce as oil price sinks
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Gold prices plunged on Monday below $600   an ounce for the first time in more than two months as   investors weighed bullion's prospects in the face of lower oil   prices.
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Oil prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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Oil fell below $60 on Friday, reversing course from the previous day as traders weighed OPEC's plans to cut production by 1 million barrels per day (bpd) against overflowing stockpiles.
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The global flight from risk knocked precious metals again on Friday, with gold falling below $650 an ounce for the first time in three weeks as shaky global stock markets prompted investors to reduce positions in commodities.
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Oil prices tumbled again on Monday, sliding to an 8-week low under &#36;46 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch.
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Oil fell more than a dollar to less than $68 a barrel yesterday, pulled lower by expectations that any sanctions against oil producer Iran were in the distance and would not necessarily disrupt export flows.
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Oil prices fell to around $68 a barrel   on Wednesday, just off a three and a half month low struck the   previous session and above key support levels that, if broken,   could trigger a deeper selloff.
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Oil and metals prices fell on Monday,   extending recent losses and weighing on the shares of energy   firms and currencies of commodity exporters such as Australia   and South Africa.
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Gold surged to a historic high above $910 an ounce on Monday as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
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The US dollar fell to a record low Monday, and gold soared to a 16-year high as both commodities reflected growing anxiety over the United States&#39; policies.
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Oil dropped under $60 to a six-month low   on Monday as abundant supplies in top consumer the United   States and fears that slower U.S. economic growth would stunt   demand for fuel extended a price retreat.
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Gold hit its latest record on Monday,  approaching $900 an ounce as investors sought protection  against a potential U.S. recession and a weaker dollar, with  Asian stocks steadying after recent sharp losses.
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Oil prices came within a whisker of  retesting a near six-month low of $63 on Friday as supply  worries eased, knocking gold to three-month lows and dragging  resource shares such as Japan's INPEX lower.
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Oil prices fell to a six-month low  under $60 a barrel on Monday as BP's move to restore output at  Prudhoe Bay earlier than expected added to a sense of healthy,  secure supplies, while demand growth questions loomed large.
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Oil prices dipped on Thursday after  leaping to a lifetime high of $100 the day before amid a  new-year rush of investor demand fuelled by expectations of  thinning U.S. stockpiles, the falling U.S. dollar and  geopolitical risks.
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Gold traded around $600 for the first   time in more than two weeks on Thursday after a recovery in   crude oil prices sparked buying from investors and restored the   metal's role as a hedge against inflation.
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Oil steadied near $60 on Monday after   briefly sliding to a six-month low on abundant supplies in top   consumer the United States and fears that slower U.S. economic   growth would stunt demand for fuel.