ZOID RESEARCH 26-SEP-2014 : GOLD

Gold retained overnight gains on Friday and looked set to snap a three-week losing streak on weaker equities, but it continued to be in danger of breaking below the key $1,200-an-ounce level as the dollar was poised for an eleventh week of gains. Gold got little support from the physical markets. China's net gold imports from main conduit Hong Kong tumbled in August to their lowest since May 2011 due to weak demand in the world's biggest bullion consumer. Britain plans to extend laws criminalising the rigging of Libor interest rates to seven other financial benchmarks - including gold and silver fixes - by the end of this year. Investors will be focused on the U.S. GDP data to be released later today to gauge the strength of the economy and its impact on the Federal Reserve's monetary policy. Gold prices are expected to move in a range to down for the day.

Try once at www.zoidresearch.com or contact us @ 9039073611