ZOID RESEARCH 2-APR-2014 : GOLD

Spot gold prices continued its fall for a fifth session and declined by 0.4 percent on Tuesday on account of firm manufacturing data from US and rising equities. Bullion came under pressure after data showed U.S. factory activity rose in March, with production posting its biggest increase since the recession ended in the latest indication the economy was regaining its footing after a brutal winter. In addition, easing geo-political tensions and fears that Federal Reserve will raise interest rates next year are weighing on gold prices.

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