1.  Gold analysts remained divided about the effects a stock market crash might have on the yellow metal.

2.  Gold analysts said that buyers stayed away from the cash market because they expected prices to fall further.

3.  Gold analysts said most mines would still operate using lower grade stockpiles, which would maintain a steady cashflow.

4.  One gold analyst at Prudential Securities pointed to recent interest rate cuts in Europe and the United States as a driving force behind the change of sentiment towards gold.