MarketWatch reports gold prices falls for the first time below $800 per ounce as investors look for cash.

Also pushing gold prices lower were news reports that central banks were selling gold. The latest weekly data from the European Central Bank showed 7.6 tons of gold was sold during the week ended Oct. 10, according to Bloomberg, citing Barclays Capital.

Central banks sell gold to earn more cash, but their selling is helping push the gold prices lower, analysts said.

“Investors worldwide are selling everything, including the kitchen sink, and gold is no exception.”