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Gold pares gains after US inflation data LONDON: Gold pared gains on Friday, heading for a second weekly drop, after data showing US consumer prices rose in March tempered speculation the Federal Reserve will delay its first interest rate rise in nearly a decade. The metal held above the $1,200 an ounce level, however, which it broke above earlier this week after a run of downbeat US data led analysts to reassess expectations the Fed would raise rates in June. Spot gold was up 0.4 percent at $1,201.31 an ounce at 1339 GMT, off an earlier high of $1,207.60 and down 0.5 percent on the week. US gold futures for June delivery were up $3.50 an ounce at $1,201.50. Gold is sensitive to US monetary policy, as rising rates would boost the dollar, in which the metal is priced, while lifting the opportunity cost of holding non-yielding bullion. "Even if the rate rise gets pushed back, people ...

Wheat faces biggest weekly loss in 9 months on US weather SINGAPORE: Chicago wheat lost more ground on Friday, falling for four out of five sessions and on track for its biggest weekly decline since July on forecasts of much-needed rains across the US grain belt.Soybean prices were largely unchanged after climbing for the last three sessions on support from higher weekly export sales, although gains were capped by ample global supplies.Chicago Board of Trade front-month wheat is down 6.6 percent for the week, its biggest ...

London tin set for 11 pct weekly loss as demand falters MELBOURNE: London tin capitulated to more than five-year lows on Friday and is on track for a brutal 11 percent weekly fall, as growing supply from Myanmar and torpid demand punish prices.Tin has given up nearly a quarter of its value this year, and the price fall is likely to trigger production cuts at some smelters in top exporter Indonesia and also in China, industry group ITRI said on Thursday. "I'm selling a bit more ...

Iron ore eyes second best week this year, but outlook still bleak SINGAPORE: Spot iron ore prices are set to post their biggest weekly gain since early January, although an early-week rally has fizzled as investor focus returned to plentiful global supply.Iron ore futures held steady on Friday after sharp gains on Monday and Tuesday that helped to lift benchmark spot prices further off a decade-low below $50 a tonne.Still, Citigroup this week said it expects iron ore to fall to $36 in the third quarter and ...

Copper climbs on rally in Chinese shares, stimulus hopes LONDON: Copper notched up its strongest gain in four weeks on Thursday on a rally in Chinese stocks and hopes for more stimulus to boost the economy of the world's top metals consumer.Three-month tin on the London Metal Exchange ended at $15,000 a tonne from $15,900 at the close on Wednesday. Worries about an oversupplied market earlier pushed tin down more than 7 percent to $14,705, the lowest since November 2009.Lead and zinc touched four-month ...

EU wheat at 4-month low on US rain, technical selling PARIS: Euronext wheat futures extended losses on Thursday to hit a 4-month low as forecast rain curbed US prices and chart support levels in Europe were breached, encouraging bearish sentiment.The strength of the euro against the dollar, which hampers euro-denominated wheat's competitiveness on world markets, was also weighing on prices.May milling wheat on the Euronext market's main No. 2 wheat contract unofficially closed down 2.00 euros or 1 percent at 183.25 euros a tonne.It earlier ...

Sugar surges more than 3pc, cocoa firms on grind data NEW YORK/LONDON: Sugar futures on ICE rallied more than 3 percent on Thursday, buoyed by short-covering and weakness in the U.S. dollar, while cocoa rose after data showed European first-quarter grindings were stronger than expected.Coffee futures also climbed as a lower greenback, pressured by weak U.S. economic data, attracted buying into the entire softs complex.Raw sugar futures rose to the highest in more than five weeks."Sugar is up on the dollar and short-covering," said David ...


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ArrowNasdaq 4,931.82 1.52
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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklyApril 16, 2015
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