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In early trade the price of gold without warning, from around $ 1133 staged vertical falling body, plummeted nearly $ 60 within a few minutes and refresh US $ 1074 / oz over 5-year low, as of 17:00, prices are still in 1110 USD / ounce below wandering. Domestic precious metals by external influences, after the Shanghai Gold Index opened lower, but also a wave of rapid decline, the biggest decline to 4.41 percent, after the shock rebound, down 2.38%. Even precious metals analyst at ANZ, said the price of gold plummeted culprit for the Chinese market to sell five tons of gold. Top Gold Industry analysts say, international gold prices remain under downward trend run, which also shows a weak form of gold prices, especially after gold prices fell sharply, gold prices rebound in demand, but overall still remain in a weak under form, still remain short of the medium-term strategy is better. Analysts said the downward trend now appears gold continues as the dollar continues to rise, gold priced in dollars so the effect is very obvious, coupled with the financial market to sell it is still in progress, at the price of $ 1,000 nearby will have a stabilized effect. Central mother six years to buy 604 tons of gold Chinese central bank data released on Friday show that as of June 2015, China's holdings of gold reserves from the previous 33.89 million ounces (1054.1 tons) rose to 53.31 million ounces (1658.1 tons) since 2009, it purchased 604 tons, or an increase of 57.3%. Because of China's foreign exchange reserves growth rate far exceeds the gold reserves, gold accounted for the overall foreign exchange reserves increased from 1.85% down to 1.65% before, and far lower than some analysts believe the ideal long-term level. Gold analysts have pointed out that this figure makes the market disappointment, further stimulate gold prices lower. However, China's central bank holdings will continue. 17, said the World Gold Council, China's central bank purchases of gold per year equivalent to 2% of global demand, plenty of room for future purchases. China's central bank also made it clear that gold is a special asset, is a good way constitute a wide range of international reserves, gold and foreign exchange reserve scale of China's market capacity is small compared to, if a large number of short-term foreign exchange reserves to buy gold, and easy on the market affected. According to foreign financial analysis company announced former Chinese data