Opening the Asian session this morning (February 9), the gold price continued to lose more than 3 USD after a sharp decline in the previous session.New Yorklast night.

The continuous negative economic news appearing on February 8 had a strong impact on the price of gold.

Specifically, at the opening of the Asian session this morning (February 9), the gold price continued to lose more than 3 USD after a sharp decline in the previous session.New Yorklast night.

Specifically, at 8:20, gold price was trading at 1,729.2 USD/oz.

Gold price last night at the marketNew Yorkfell 0.7% due to fresh concerns about the European economy and investors' profit-taking after several sessions of gains.

At the end of the trading session, spot gold price fell to 1,732.49 USD/oz.

Gold for April delivery fell $17.1 to $1,731.3 an ounce.

Since the beginning of the year, gold prices have maintained an increase of about 11%.

During the trading session on February 8, economic information such as the Italian economy may have negative growth in the fourth quarter of 2011, while German exports declined in December 2011; In France, the Central Bank said that the country's economy would not grow in the first quarter of 2012 continuously had a negative impact on gold price movements.

The US dollar, after falling sharply, has risen again after investors believed that the third largest economy in the eurozone, Italy, will decline in the fourth quarter of 2011, along with concerns about the second bailout package for Greece that has not yet been resolved.

On February 8, the world's largest gold trust fund, SPDR Gold Trust, had no trading activity, still holding 1,277.13 tons of gold, equivalent to 41,061,167.24 oz, worth 71.66 billion USD./.

According to VOV