ZOID RESEARCH 14-OCT-2014 : GOLD

Spot gold prices traded positive yesterday and rose to a three-week high as concern that the global economy is faltering fuelled bets that the Federal Reserve will keep U.S. interest rates low, driving the dollar down and boosting the safe haven appeal of the yellow metal. Also, Fed Vice Chairman Stanley Fischer said on Oct. 11 that weak growth outside the U.S. may prompt the central bank “to remove accommodation more slowly than otherwise” supported gains. Holdings in SPDR Gold Trust, the No.1 gold ETF and a good proxy for investor sentiment, rose 1.79 tonnes to 761.23 tonnes on Monday - the fund's first inflow since Sept. 10.

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