As I had estimated the price of gold in the short term could be reduced to the range of U.S. $ 975/Oz; I do not think that gold prices could go down over 4% to U.S. $ 1,057.40 a night.

Outside the habit also, in general, if the gold price falls - the price goes up because the funds from the sale of some of the gold market ran into the stock. Is not the case last night, the world's stock price also fell. All funds for a while seems to run into U.S. $.

What is the cause of the unusual events this?, I try to browse the cause turned out to empty into the debt crisis of several European countries. Widespread concerns over debt and deficit crisis, Greece, Spain, Portugal and several small countries in Eastern Europe have made the whole world worrying about market liquidity

This is called the real systemic; if there is a failed state - it will very quickly spread to other countries or financial institutions the world because of their receivables that are not collectible, which sucked liquidity and so on.

Liquidity concerns is what will get people to buy U.S. $. Despite that the U.S. $ is also has problems of its own - however until now the U.S. $ is still regarded as the World's Reserve Currency.

Does this decline will continue?, For a while maybe. But many analysis I have read and my own analysis - for the long-term stay opportunities rising gold prices higher than the chances decrease.

The incident happened last night is similar to November 2008 I wrote in the title of "Stages of the crisis and its impact on gold prices ..."; to ease my readers show more graphic illustration of the above.