ZOID RESEARCH 7- MAY-2014 : GOLD

Gold prices ended lower on Tuesday on reports from the US commerce department that US trade deficit narrowed in March as exports rebounded but the improvement was probably not enough to prevent the government from revising down its estimate of first-quarter growth to show a contraction.

In addition weak physical demand also made investors cautious. Also, Outflows from the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, totalled nearly 10 tonnes last week. On the other
side, the tensions in Ukraine and weakness in the dollar lent support to prices.

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