International price of gold in January to record its biggest one-day drop below $ 1,200.

<P> Strong rebound in the euro hedge funds out of the market the gold market, early morning Beijing time on May 20, the New York Mercantile Exchange, gold futures fell below $ 1,200 mark, a record 4 weeks to the biggest one-day drop. .As of 18 o'clock last night, near the gold price remained at $ 1,190 shocks. .</ P> <P> on speculation the European Central Bank is preparing to intervene in currency markets to stop the euro's recent decline, the euro hit a four-year low against the dollar after the rebound, dollar recovered 1.24 mark. .Meanwhile, the gold bull market gold profit-taking also makes a callback. .</ P> <P> in the past five trading days, the main New York gold futures contracts have 四日 lower on Wednesday fell $ 21.50, at $ 1,193.10 / oz, down 1.8%, marking the biggest single day for 4 weeks .decline. .</ P> <P> yesterday, the Shanghai Futures Exchange, gold futures contract prices approaching the main 260 yuan mark, the highest since February single-day decline. .A decline in shares of the top plate of gold. .</ P> <P> Fuyuan Jin (Beijing) Liu filled with gold trading director, said the technical indicators, gold head showing signs of increase occurred in the callback, "may be a slight rebound in the short-term or maintenance of correction. ."</ P> <P> Last week, the New Zealand gold record high second straight day to refresh, the highest intraday value of $ 1,247.7. .Yesterday, a number of gold analyst told reporters that the fundamental message of support for gold remains strong. .</ P> <P> world's largest gold ETF-SPDR Gold Trust gold holdings in the 19 3.04 t. .Well-known investment bank is also changing their expectations. .Goldman Sachs 12-month gold price forecast from $ 1,320 / ounce raised to $ 1,335 / ounce. .JP Morgan forecasts gold price in the third quarter of 1250 dollars / ounce in the fourth quarter of 1200 dollars / ounce. .(Reporter Fan Xuguang) </ P>.