ZOID RESEARCH 20-JUNE-2014 : GOLD

Bullion rose to its highest level in more than two months as Federal Reserve’s lack of commitment to raise interest rates and continues tensions in the Middle East acted as a positive factor. U.S. dollar eased after the Fed signalled on Wednesday it will stick with a near-zero interest rate policy to support the economy, disappointing traders who had bet on hints of policy tightening.

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