More wild price swings will plague the gold market in coming weeks as bulls and bears grapple over direction, investors' faith in the metal starts to wobble above $1,800 an ounce and policymakers take desperate measures to stabilize economies.
Gold investors have been on a rollercoaster ride since the Swiss National Bank shocked markets last week with its decision to peg the franc to the euro and to buy unlimited amounts of foreign currencies to curb its appreciation.
The move sparked the latest round of volatility in gold, which has since traded in a more than $100 range.
Seeing the gold price lurch down or up $50 in as many minutes has become a fairly regular feature of the market over the last few weeks.
Text: Amanda Cooper and Jan Harvey, Reuters