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.
Political uncertainty fuels continued inflows into sterling and euro money funds in Q1 2017.
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.
Libyan production rebound puts pressure on crude futures riding high on the back of Opec output cut chatter.
Slow day in commodities sees oil and gold futures register most moves as dollar remained strong intraday.
Gold price slide extends into second successive session with strong dollar proving to be drag on trading.
Mohammed Saleh Al-Sada tells Qatar-UK Business Forum that Opec cuts have been successful and need to be extended beyond Q3 2017.
There could be much to go for in 2017 given increasing signs global economy is getting into recovery mode.
High stockpile build-up stateside accelerates intraday losses in the oil market.
Bearish industry data and Saudi stance sparks second successive market sell-off in the face of negative sentiment.
A key attraction of UK-listed companies is that they could become takeover targets for larger US competitors
IBTimes poll and separate Moody's report suggest supply/demand imbalances will ensure natural gas prices stay low.
Big Oil bosses say crude price is going nowhere, while Saudi minister says peak demand projections are misguided.
As new sources of crude oil emerge for global importers, India's Dharmendra Pradhan says buyers' interests must be accommodated.
IEA executive director sees massive supply-demand imbalances over the next three to five years.
Question vexing many at CERAWeek appears to be how far Opec would go in order to support the oil price.
As the dollar gained ground on heightened US rate hike expectations, gold took a hit for the third successive session.