ZOID RESEARCH 16-JULY-2014 : GOLD

Spot gold prices continued its decline for second consecutive session on Tuesday dropping below $1300 mark as bullion investors focused on a U.S. Federal Reserve monetary policy report showing the central bank is set to end its bond-buying stimulus in October. Gold posted its biggest two-day losses since Oct. 1, having lost nearly 3.5 percent between Monday and Tuesday.

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