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Gold up for 3rd day on Ukraine tensions, softer equities LONDON: Gold rose for a third straight session on Thursday as tensions between Ukraine and Russia increased and equity markets fell, but the rebound could be short-lived due to strong U.S. data and prospects of a U.S. interest rate rise.Gold rose as much as one percent and was up 0.7 percent at $1,291.70 an ounce by 1409 GMT, heading for its first weekly gain in three. It has traded in a narrow range in the past few weeks of just under $50 an ounce, the narrowest since August 2009.U.S. gold futures rose $9.40 an ounce to $1,292.80."The market woke up on geopolitical headlines around Ukraine but we gave up some gains because of very strong U.S. economic data," VTB Capital analyst Andrey Kryuchenkov said.The metal benefited from lower global equities and worsening international tensions after Ukraine accused Russia of bringing troops into the southeast of the country."Other than the push ...

Copper hit by Ukraine tensions, aluminium nearby supply tightens LONDON: Copper prices fell on Thursday, under pressure from escalating tensions in Ukraine and worse-than-expected euro zone economic sentiment, while falls in aluminium prices were kept in check by tightening availability of near-term supplies.Benchmark copper on the London Metal Exchange (LME) fell 1.5 percent to $6,925.50 a tonne at 1428 GMT.Three-month LME aluminium fell 0.5 percent to $2,074 a tonne, erasing earlier gains as risk appetite was sapped by Ukraine accusing Russia of bringing troops ...

Sugar slips as heavy stocks weigh, cocoa up LONDON: ICE raw sugar futures eased towards a seven-month low on Thursday, under pressure from ample supply and heavy world stocks.Cocoa prices rose, while arabica coffee hovered around the key psychological level of $2.00, holding onto most of the week's gains.Dealers said the sugar market was caught between the near-term outlook for brisk sugar output in top grower Brazil's harvest that would build up stocks and expectations of an earlier-than-usual end to the cane crush."The ...

Gold up for 3rd day on softer dollar, Ukraine tensions LONDON: Gold rose for a third straight session on Thursday due to a softer dollar and equity markets as tensions between Ukraine and Russia ratcheted up, but the metal's rebound could be short lived on prospects of a U.S. interest rate hike.Gold gained 0.7 percent to $1,291.00 an ounce by 1001 GMT, holding above the 200-day moving average of $1,284 and heading for its first weekly gain in three. The metal has traded in a ...

LME aluminium edges up on tightening near-term supply LONDON: Aluminium prices edged higher on Thursday amid tightening availability of near-term supplies, but activity on metals markets was thin after tension rose in Ukraine and European economic sentiment slid.Three-month aluminium on the London Metal Exchange added 0.2 percent to $2,089 a tonne by 0946 GMT.The metal used in transport and packaging has gained 12 percent since early July as some investors expect the market to go into deficit due to strong demand from the ...

UK wheat stocks decline after two low harvests LONDON: UK wheat stocks held at ports, co-operatives and merchants totalled 782,000 tonnes as of June, down 5 percent from the same time a year earlier, government data showed on Thursday.The total comprised 547,000 tonnes of home-grown wheat and 234,000 tonnes of imported supplies.Stocks were, however, above those held at the same stage in 2011 (717,000 tonnes) and 2012 (678,000 tonnes), reflecting a sharp rise in the amount of imported wheat held during the last ...

NY coffee to retest resistance at $2.0120 after a shallow fall SINGAPORE: New York December coffee may retrace to a support at $1.9420 per lb before retesting a resistance at $2.0120.The support and the resistance are provided, respectively, by the 23.6 percent and 38.2 percent Fibonacci projection levels of an upward wave C that started at the Aug. 20 low of $1.8285. This wave may eventually travel to $2.1250, its 61.8 percent projection level.A break above $2.0120 will open the way towards $2.0685, the 50 percent ...


Index Closing Chg%
Arrow DJIA 17,079.57 0.25
Arrow Nasdaq 4,557.70 0.26
Arrow S&P 1,996.74 0.17
Arrow FTSE 6,805.80 0.36
Arrow DAX 9,462.56 1.12
Arrow CAC-40 4,366.04 0.66
Arrow Nikkei 15,459.86 0.48
Arrow H.Seng 24,741.00 0.71
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln