ZOID RESEARCH 26-MAR-2014 : GOLD

Gold prices gained by 0.1 percent on bargain buying from its previous session two percent drop coupled with escalating geo-political concerns between the US and Russia. However, prices rise was limited after Philadelphia Federal Reserve Bank President Charles Plosser said that he believes the Fed should aim to raise short-term rates to 3 percent by the end of 2015 and 4 percent by the end of 2016. In addition, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.33 percent to 818.77 tonnes on Tuesday from 821.47 tonnes on Monday

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