Reiteration of market stability call by Saudi Arabia helps support crude, gold spikes again.
The UK central bank's decision to cut interest rates to 0.25% has triggered an uptick in demand for gold.
Weaker dollar supports gold rally but oil futures slide.
Market speculation that Opec is working on another bid to cut production sends oil futures on recovery run
Profit-taking after gold spike to $1,370 weighs on precious metals as oil futures battle oversupply sentiment.
Oil prices hit four-month low while precious metals decline as traders book profits on recent rally.
The vault is in a secret location in London and has the capacity to house 2,000 tonnes of gold.
Spot gold XAU touched $1,260.60 an ounce on 11 February, the highest since February 2015.
Heroin traffickers are battling over millions of dollars paid by Canadian mining giant Goldcorp.
Spot gold prices hit their peak to a three-and-a-half month high since late June on Wednesday.
Demand in the Indian gold market is expected to strengthen over the next 10 days.
Analysts warn that worst may not be over, given the robust stock markets and the likelihood of higher US interest rates.