ZOID RESEARCH 3-APR-2014 : GOLD

Gold prices rallied in first fortnight of last month, wherein spot gold prices posted a two month high due to Russia's military intervention in Ukraine that prompted safe-haven buying and investors ditched assets perceived as riskier such as equities. As a result of the escalation of this conflict and the damages it's going to do to the European economy, investors continued to rotate out of the stock market into the gold market and vice versa. Also, boosted by the European Central Bank's decision to not take fresh action to inject liquidity into the euro zone market, helped weakening of the dollar and increased bullion's currency-hedge appeal.

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