Several factors are said to contribute to the price fall. The cyber currency beat, the war like tense situation between the U.S. and North Korea and the near-bankruptcy situation of Cyprus which has been asked to help itself by selling its gold reserves to shore-up its currency. Not only that, other economically weak countries may be by the central bank to follow suit; As a result the prices are falling with the expectation that tons of gold may be unloaded in the world. There are some who suspect a planned conspiracy by a syndicate to bring down the prices. There is also the Phenomenon of beat-currency. This is a new type of cyber-currency where the buyer can keep his identity a secret Nobody can confiscate this property. People disappointed in various investments have joined beat-currency whose value in a short period has shot up from 34 dollars to 200 dollars. It is also said that US and European investors have started investing in foreign currency and foreign stock-markets, contributing to the price fall.
For the first time after July 2011, a big reduction in international gold prices has been experienced. Experienced jewellers Give the following reasons for the price – dip.
Goldman Sach’s prediction of a further dip Rumors of an unknown persons’s order on MAX to sell 140 tons of gold.
Fear of an impending sale by Cyprus to stave off a crisis.Constant increase in the sale of ETFS increasing investment in “beat-currency’