Gold moved higher today after yesterday's interest rates cut, but a weak oil limited the movement and prevented the metal from breaking its record highs.

Analysts reckon the metal, which has already risen 12 percent this year on top of a 32 percent rush last year, had become susceptible to sharp sell-offs.

Spot gold hit $923.10 an ounce from $921.10/921.80 on Wednesday, when it rallied to $932.00 - just below Tuesday's all-time high of $933.10 - after the U.S. Federal Reserve cut interest rates.

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commodity  cut interest rates  futures  gold  interest rates  metal  sharp selloffs 

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