ZOID RESEARCH 13-OCT-2014 : GOLD

Spot gold prices traded positive last week after the International Monetary Fund cut its global economic growth forecasts and weak German industrial data stoked further concernsThe IMF warned of weaker growth in core euro zone countries, Japan and big emerging markets such as Brazil. The Gold Investor Index, which measures the balance of customers adding to gold holdings over those reducing them, rose to a seven-month high of 53.4 in September from 51.7 in August.

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