ZOID RESEARCH 28-MAR-2014 : GOLD

Gold prices moved down further as US showed some sign of improvement by showing lower Unemployment claims and revised GDP numbers. Data on Thursday showed the U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week. Ukraine won a $27-billion international financial lifeline, after Russia's annexation of Crimea, while Moscow's economy minister acknowledged that his country's growth would slow dramatically as funds flee abroad. Physical demand from Asian countries like China and India has also been down. Gold prices are expected to move down further after positive US numbers and lack of demand in international market.

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