ZOID RESEARCH 21-NOV-2014 : GOLD

Renewed physical buying interest and data showing rising inflation in the US led to around 1 percent gain in spot gold prices on Thursday. Bullion investors focused on U.S. Labor Department data which showed underlying inflation pressures rose in October, even though that also bolstered expectations of a mid-2015 interest rate hike from the Federal Reserve. The gold market also ignored other data that showed a strengthening U.S. economy, including rising existing home sales and lower
weekly jobless claims.

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