Renewed confidence in the US currency and a surprise rate increase in China sent gold prices tumbling.
Prices rebounded from morning lows as the dollar began to weaken.
The search giant's big gain pushes tech stocks higher. Slack industrial sales hit GE revenue. Foreclosure worries weigh on bank stocks. Gold and oil fall back.
A stronger US currency weighed on prices even after the Fed chairman said inflation levels are too low.
Prices continue to set record highs as the dollar weakens in anticipation of further monetary easing.
Prices rallied past $1,370 as the US dollar weakened.
Prices slipped as investors waited for news of more monetary easing from the Federal Reserve.
Earnings reports from General Electric and JP Morgan will have an important impact on exchange-traded funds that track the industrial and financial sectors.
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