Physical traders report surge in buying as precious metal futures register spikes.
Standard Chartered's Peter Gaw says industry should get real and accept an era of low prices.
Crude benchmarks suffer as oversupply concerns continue to weigh on trading sentiment.
Brent and WTI contracts hammered as fears of crude supply glut escalate.
Think tank OECD forecasts global economic growth to be at its highest since 2011 despite challenges.
Lower demand and technical correction took a heavy toll on the precious metal in Asian and European trading.
Most crude producers want production cuts to be extended for 6 to 9 months but Kuwait wants more.
US political uncertainty sent gold prices higher in the face of a weaker dollar.
Many money managers were withdrawing bets on higher oil prices before Saudi-Russian announcement reignited interest.
Prospect of rising US shale production continues to neuter possible price boost from Opec output cut extension.
Saudi Arabia's Opec governor claims major oil producers were converging on the need to extend production cuts.
Futures trades in the yellow metal see drop of over $20 as US central bank hints at another interest rate hike.
Brent and WTI register steep declines as market continues to give more weight to rising US shale production.
Rising crude production stateside continues to drag down crude prices despite producers' soundbites in favour of extending cuts.
Quotes from key producers over possible output cuts fail to fire traders' imagination.
Market chatter on fresh Saudi-Russia pact stems oil price decline as threat from rising US shale production rises.
Risk-driven safe-haven rally ends as gold declines by over $10, faced with a stronger greenback.
Brent, WTI futures maintain upward momentum as geopolitics influence trading patterns.
Commodities market sees a barrage of safe-haven calls with substantial spikes in precious metal and oil futures.
As the dollar strengthened, gold futures and spot price took a tumble.