Quantify the products of the German company (Quantitative Commodity Research), said consultant Peter Fertig, China's move will undoubtedly result in resistance to the gold, but this is not the only factor in the price of gold down.
On the other hand, Saxo Bank (Saxo Bank) Ole Hansen, senior manager, said: "Gold is obviously down yesterday by the long lighten up the pressure. Seems to investment interest has been transferred to the stock market and the cyclical market."
He also said: "The structural environment has not changed, but gold and silver respectively in the near future may be 1,350-1,400 U.S. dollars / ounce, and 28-30 dollars / ounce range correction. In these levels may accumulate a lot of stop-loss One, they will in future play a key role in a few days. "