Pressure drag on the whole subject to risk assets, the international price of gold fell 2% Tuesday, suspended for two consecutive trading days previously ascribed to the trend. Evening after the price of gold fell below 740 U. S. dollars back to test fail, the lowest intraday hit 726 U. S. dollars, to close at 731 U. S. dollars whistle.

    The Asian trading session Wednesday, although the weakness in the Asia-Pacific stock markets continue to crack down on risk appetite, but the dollar’s slight fall to help keep the spot gold trading above 730 U. S. dollars. Gold plate was steadily recovering since the beginning of the trend, but has not been able to return to 740 U. S. dollars.

    Technical charts show the breakdown 740 U. S. dollars as the price of gold rally in support of the trend, since the start of the band 680 U. S. dollars a rebound may be coming to an end. Short-term, prior to the meeting due to the weekend G20 market, there are more variables, whether the decline could not be immediately determined to make gold or occasional sideways. Fan Chou 740 U. S. dollars, such as the recent failure of the market outlook will fall to below 720 U. S. dollars to establish a new round of declines.

    Message level, the China Gold Group, Wednesday said that the first three quarters of this year, China’s gold investment demand to reach 38. 4 tons, more than 24 tons of gold last year, the retail investment demand. Gold jewelry demand is also slightly stronger than last year, the first three quarters increased by 26% up to 241. 6 tons, while last year’s demand for 302 tons. In 2008 the national gold production will reach 280-300 tons, it is possible to replace South Africa as the world’s largest gold producer.