ZOID RESEARCH 1-AUGUST-2014 : GOLD

Spot gold prices declined by around 1 percent on Thursday as strong U.S. wage growth data and signs of an improving job market reduced the need for safe-haven buying. Bullion posted more a loss of nearly 3.5 percent for July, its biggest monthly loss this year, as the Federal Reserve's reduced bond-buying stimulus and a better undertone in the U.S. economy decreased the metal's appeal as a hedge.


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