ZOID RESEARCH 30- MAY-2014 : GOLD

Gold prices eased on Thursday on rise in US equities even though the data showed the U.S. economy contracted in the first quarter for the first time in three years. The U.S. Commerce Department estimated that gross domestic product shrank in the first quarter at a 1 percent annual rate. A separate U.S. Labor Department report showed applications for jobless benefits declined last week.

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