US stocks

Tuesday, in Sydney, the bullion prices were driven lower by a stronger dollar after surging to its highest level this year overnight. However, though skepticism over whether a resolution to Greece's debt crisis has been reached limited the decline.

Friday, bullion plummeted after hitting an all-time high near $1,195 an ounce Thursday, as the dollar bounced from its 15-month lows against the euro and a basket of currencies.

 Spot gold eased by 0.4% from the notional New York close of $1,192.60 as of 2:51 GMT, touching $1,187.70 an ounce.

 Bullion hit a fresh record high of $1,194.90 Thursday before the dollar gained ground on concern about debt problems in Dubai. Precious metal is to rise 3% this week, marking the fourth straight week of gains.

Thursday, bullion climbed to a record of above $1,192 as sentiment remained solid on waiting of more central bank buying of bullion and further dollar weakness.

 Spot gold hit a fresh record high of $1,194.55, rising from New York's notional close of $1,190.30.

 Gold prices have risen nearly 15 percent since the beginning of November, with demand fuelled by expectations of further reserve diversification, prospects for a sickly US currency and fears about inflation in 2010.

Monday, bullion drifted higher hitting a record above $1,160 an ounce after a rally in the dollar ran out of steam, strong oil prices resurrected inflation worries, and a drop in US stocks mixed doubt about the economic forecast.

 Gold surged by $14.65 an ounce to the level of $1,162.85 an ounce by 3:54 GMT, compared to New York's notional close on Friday. It hit another record at $1,164.35 in thin trade also driven by technical buying after bullion surpassed previous records.