History suggests the metal’s rise is a blip but doubt over US interest rates makes a call difficult.
Unrest in Ukraine and the Middle East has seen gold rebound 9.4% this year while the Fed warns benchmark rates could rise sooner than expected.
Gold extended its biggest drop in three weeks on prospects of further cuts to the US's quantitative easing programme.
The gold price recovered from a four-week low as G7 leaders threatened further sanctions against Russia over its annexing of Crimea.
A research paper has raised the possibility that banks have been working together to manipulate the London gold fix rate.
Strong demand from the East is expected to boost the precious metal, following a 28% slump in prices in 2013.
The metal had experienced a 28% slump in 2013, but the Fed's decision to taper is offering some temporary support at the start of the new year.
Commodities will face increased risks despite the expectation that economic growth in the US will increase, says Goldman.
Gold continues to struggle as uncertainty over the Federal Reserve's quantitive easing plans continue.
An increase in gold prices pushed international reserves up for the first time this year.
The gold producer plans to cut 40% of its management positions to reduce costs in the face of a declining gold market.
The metal price has plummeted but a weaker local currency has taken some pressure off the mines.
Commodities react immediately to the US announcement that it plans to taper off quantitative easing.
South African gold-mining stocks surged to a four-year high as the nation’s currency plummeted and pushed the rand-price of gold higher.
A higher gold price is unlikely to offset the effects of cautious American consumers and a weaker rand.
Gold and silver prices rose on Wednesday as investors continue to worry about inflation and how the US and Europe will deal with their financial woes.
The price of gold surged to an all-time high point above $1 258 an ounce on Friday.
Gold prices hit record highs above $1 250 an ounce in Europe on Tuesday and reached all-time peaks in a range of other currencies.
Daniel Sacks, co-portfolio manager of the Investec Global Gold Fund, continues to believe that gold is well supported in the current environment.