The last drop in prices for gold was in 1980, now at $ 1500 gold fell. The main dealer Lee Cheong Gold Dealers put it, that the fall of gold and a half thousand dollars is not a very good sign.

Investors use gold in times of volatility in stock and currency markets. During 2000, gold has been a strong demand from investors, which affected the growth of the gold price. Was about the same price of $ 250 per troy ounce.

Bulk sale of gold can attest to the fact that investors have stopped investing in gold and began to buy risky assets. Meanwhile, according to «The USA Today», sales have arisen because of the news of slowing growth in the Chinese economy.

This prompted fears and concerns about reducing consumption of gold in the second largest economy in the world. Also, another factor in the decline in prices, influenced by the upcoming sale of the Cyprus Central Bank of its reserves of about ten tons of gold.