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China's gold imports from Hong Kong drop to 17-month low in June SINGAPORE: China's net gold imports from main conduit Hong Kong fell to a 17-month low in June as a weaker yuan and adequate stocks curbed fresh purchases from the world's biggest bullion consumer.June net gold flows into China from Hong Kong slid to 40.543 tonnes from 52.606 tonnes in May, according to data e-mailed to Reuters by the Hong Kong Census and Statistics Department. In the year-ago period, net imports were 104.567 tonnes.The imports were the lowest since January 2013.Total gold imports from Hong Kong fell to 56.047 tonnes last month from 67.233 tonnes in May. Copyright Reuters, 2014


Gold below $1,300 as strong China, euro zone data lift stocks LONDON: Gold broke below the psychological level of $1,300 an ounce for the first time in a week on Thursday as robust economic data from China and the euro zone deterred investors from buying into safe haven assets like the metal.Spot gold fell 0.5 percent to $1,297.30 an ounce by 0929 GMT, having earlier touched its worst in a week at $1,294.U.S. gold slid $6.10 to $1,298.50, after stop-loss orders were placed below $1,300 by ...

Palm snaps 3-day losing streak on uptick in soy markets, short covering KUALA LUMPUR: Malaysian palm oil futures edged up on Thursday, snapping a three-day losing streak as investors short-covered positions ahead of the long weekend and as a small recovery in the comparative soy oil markets provided some relief to palm.Palm prices had slid to a more than 11-month low on Wednesday, dragged by fears of rising global oilseed supplies and growers' estimates that palm oil output in Malaysia, the No.2 producer, surged during the July ...

Gold falls below $1,300 as equities gain; physical buying picks up SINGAPORE: Gold broke below the key psychological level of $1,300 an ounce on Thursday as safe-haven demand for the metal eased due to rising Asian equities and strong Chinese manufacturing data.Physical demand in the region, however, increased slightly on the lower prices, with premiums in the biggest bullion consumer China edging up on buying interest.Spot gold fell 0.7 percent to $1,295.00 an ounce by 0615 GMT, after dipping 0.2 percent in the previous session. US ...

Palm oil targets 2,298 ringgit SINGAPORE: Palm oil may break a resistance at 2,268 ringgit and rebound more towards 2,298 ringgit per tonne, as indicated by its wave pattern and a Fibonacci retracement analysis. Wave pattern suggests the completion of a wave 3, the third wave of a five-wave cycle that developed from the June 25 high of 2,511. This wave will be partially reversed by the current wave 4, which may extend to 2,298 ringgit, the 100 percent projection ...

Soybeans extend two-day gains to 2pc on dry weather concerns SYDNEY: US new-crop soybeans rose for a second straight session on Thursday to extend gains to 2 percent, as the oilseed drew support from concerns that dry weather might limit yields as old-crop stocks run tight. Copyright Reuters, 2014

Australian wheat yields under pressure as dry weather seen persisting SYDNEY: Dry weather is likely to persist across eastern Australia for the next three months, the Bureau of Meteorology (BOM) said on Thursday, exacerbating stress on cattle and adding to concerns that wheat yields could suffer in the world's third largest exporter. The chance of below median rainfall between August and October is greater than 60 percent in northern Queensland, southern New South Wales and most of Victoria, the BOM said.The dry outlook threatens wheat ...


 



 
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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