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Gold edges off 6-week low before US jobs data LONDON: Gold firmed on Friday, edging further above the previous day's six-week low as the dollar steadied off a 10-month peak, but moves were muted ahead of key US payrolls data which could prompt a further wave of selling. The payrolls numbers follow a raft of upbeat reports on the US economy, including signs of an improving job market. Data showing the biggest rise in labour costs in 5-1/2 years in the second quarter helped knock gold 1 percent lower on Thursday. Spot gold was up 0.2 percent at $1,284.50 an ounce at 1202 GMT, off Thursday's low of $1,280.76, while US gold futures for December delivery were up $2.50 an ounce at $1,285.30. Analysts have said the Federal Reserve may take a more hawkish stance on raising interest rates at its September policy meeting in light of the recovering US economy. "Another gain in employment will really focus the ...


EU wheat slides on quality fears, misses US bounce PARIS/SINGAPORE: Euronext wheat futures extended losses on Friday to a new four-year low as low quality in a rain-hit western European harvest led Paris prices to diverge from a recovering US market. New-crop US soybeans dropped for a third session out of four while corn was on track for a sixth consecutive week of losses as favourable weather forecasts in the US Midwest bolstered hopes of record yields this autumn. US and European wheat futures ...

Bangladesh to issue tender for 50,000 T of wheat DHAKA: Bangladesh's state grains buyer will issue a tender next week to import 50,000 tonnes of wheat as part of efforts to secure food supplies, a senior official at the state buyer said on Thursday.The tender will be the first for the current fiscal year, which began this month. The Directorate General of Food, the state grains buyer, aims to ship in 1.1 million tonnes of food grains, up 22 percent from the previous year.The ...

Zinc falls as stockpiles rise, copper flat LONDON: Zinc lost ground on Thursday from a three-year peak two days before after inventories rose, highlighting an overhang of supplies that need to be eroded before expected shortages kick in.Benchmark zinc on the London Metal Exchange (LME) slipped 0.9 percent to $2,359 a tonne by 1009 GMT after hitting successive peaks of $2,416 on Monday and again on Tuesday, the strongest since August 2011.Zinc prices have climbed 15 percent this year as funds have ...

Gold below $1,300 on US growth optimism, set for monthly loss LONDON: Gold held below $1,300 an ounce on Thursday and was set for its second monthly drop in three as optimism over the U.S. economy curbed demand, offsetting a message from the Federal Reserve it is in no rush to raise interest rates.The U.S. central bank on Wednesday upgraded its assessment of the world's largest economy but reaffirmed a broadly relaxed stance on monetary policy.Data on Wednesday showed the April-June gross domestic product expanded at ...

Palm falls on poor export data, records biggest monthly drop since May KUALA LUMPUR: Malaysian palm oil futures fell in thin trade on Thursday, reversing gains from the early session as disappointing export data and weakness in comparative soy markets dragged the tropical oil to record its biggest monthly drop since May.Cargo surveyor Intertek Testing Services reported that overseas sales of Malaysian palm oil products fell 2.8 percent in July to 1.35 million tonnes, compared to a surge in exports earlier in the month.Another cargo surveyor will ...

Corn, wheat prices extend declines as crops flourish LONDON: Corn and wheat futures were lower on Thursday and on track to post a third consecutive month of losses as the prospect of bumper global supplies weighed on prices.Soybeans eased for a third session in a row on forecasts of near-perfect weather for the crop in the U.S. Midwest."The key factors remain the same as before: the weather is perfect in the growing areas of the U.S. Midwest, meaning that high yields are anticipated," ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln