"The gold market could be seeing some fresh pressure from news of lower gold flows from Hong Kong into mainland China for the month of January, especially since some traders might link that story with disappointing Chinese growth targets for 2012," said a report from R.J. O'Brien. "Another issue that is seemingly applying some pressure to gold prices is talk of further slowing in eurozone manufacturing." Things could get worse in the coming days according to O'Brien. A slide down to $1,650 "can't be ruled out int eh coming days, especially if the macro econoimc outlook remains negative and profit taking becomes the ruling theme in the marketplace. Mining stocks were following prices lower on Tuesday. Among the biggest losers were Great Panther Silver ( GPL), shedding 7.2% to $2.30, and First Majestic Silver ( AG), falling 6.4% to $18.12. Novagold ( NG) was losing 4.7% to $7.59 and the iShares Silver Trust ( SLV) was down 4.4% to $31.59. -- Written by Ross Tucker in New York. >To contact the writer of this article, click here: Ross Tucker. >To follow the writer on Twitter, go to http://twitter.com/rosstucker. >To submit a news tip, send an email to: firstname.lastname@example.org.