Lowest price: 1321.69 USD/oz, 265.19 RMB/g

Analysis of the reasons for the sharp drop of gold price in p>213:

Global gold demand suffered a decline

The World Gold Council (WGC) said last Thursday that the global gold demand in 212 declined for the first time since 29, due to the decline of jewelry demand in India and China and gold coins and bars in the United States and Europe.

investment predators have reduced their holdings of gold

According to documents released by the US Securities and Exchange Commission (SEC) last Thursday, Soros Fund Management Company reduced its holdings of SPDR gold trust ETF by 55% to 6, shares in the fourth quarter of last year. Moore Bacon's Moore Capital Management Company also sold all SPDR funds and reduced its holdings of Sproat Spot Gold Trust Fund in the same period.

At the same time, JohnPaulson, a hedge fund giant who has been investing in gold as a safe haven, kept his gold position unchanged at 21.8 million shares. Paulson is currently the largest shareholder of SPDR Gold Trust ETF.

Analysts believe that Soros and other big-name investors have reduced their gold holdings, which has raised the speculation that the bull market of gold for 12 years will come to an end, because the data shows that the Chinese and American economies show signs of recovery, thus suppressing the demand for safe haven.