ZOID RESEARCH 2-JUNE-2014 : GOLD

closes on stock markets and softening demand in Asia weighed on prices. Expectations remain that stronger U.S. economic data will support the Federal Reserve's policy of paring back its bullion-friendly stimulus measures despite weak first-quarter growth data. Gold premiums in India almost halved this week on hopes that the new government would ease restrictions on imports of the precious metal, while demand in the rest of Asia failed to pick up despite a drop in prices. Premiums in top buyer China have been little changed this week. Data this week showed that imports from main conduit Hong Kong fell to a 14-month low in April, with importing banks adequately stocked amid softer demand and a weaker yuan currency.

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