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Spot gold edges up on dollar drop, heightened tensions NEW YORK: Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in US equities.The dollar softened as traders focused on riskier assets, while speculation the European Central Bank will resort to monetary stimulus also triggered some interest in bullion, traders said.On Wednesday, Ukraine accused Russian forces of launching a new military incursion across its border, a day after the leaders of both countries agreed to work toward ending a separatist war in the east of the country."The numerous sources of geopolitical crisis are evidently preventing the gold price from slumping," said Eugen Weinberg, head of commodity research at Commerzbank. He said gold was currently trading around a key technical support at its 200-day moving average near $1,285 an ounce, but a possible dollar rally and rising US equities could still pressure bullion prices. Spot gold was up ...


London copper dips on firm dollar, increasing supply LONDON: Copper dipped on Wednesday as a firm dollar and the prospect of increasing supply of the metal offset growing confidence in U.S. economic growth.Data on Tuesday showed orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July, helped by strong overseas demand for aircraft. The underlying trend remained firm, pointing to brisk economic growth.The figures bolstered the dollar, which hit a 13-month peak against a basket of currencies on Wednesday. ...

Tokyo futures bounce from 1-week low; trapped in range SINGAPORE: Tokyo rubber futures rebounded from their weakest level in a week on Wednesday but settled little changed as Thailand's plan to sell its stockpile weighed on sentiment.The military government in top producer Thailand has approved a plan to sell 200,000 tonnes of rubber to cut storage costs and end a stock overhang. Thailand normally exports 250,000-300,000 tonnes of rubber a month.The Tokyo Commodity Exchange rubber contract for February delivery fell to 198.5 yen a ...

NY cocoa to drop to $3,181 SINGAPORE: New York December cocoa may drop to support at $3,181 per tonne as it could have completed an uptrend that developed from the July 16 low of $3,051.The trend has been driven by a wave C, which has briefly pierced into a range of $3,284-$3,308, formed by the 238.2 percent and the 261.8 percent projection levels.A trendline rising from the June 30 high of $3,141 also suggests a reversal of the uptrend, as cocoa ...

Palm ends lower on anxiety of swelling supplies, strong ringgit  KUALA LUMPUR: Malaysian palm oil futures lost earlier gains and ended lower on Wednesday due to a strong ringgit, while anxiety about swelling supplies of global edible oils continued to drag.Prices in early trade had touched a near one-week high of 2,052 ringgit, lifted by overnight gains in overseas soy markets and a round of technical correction."The market cannot sustain (the gains). The overall scenario is still technically bearish, fundamentals are not friendly ... this ...

Soybeans rise from contract lows, corn near 2-week low HAMBURG/SINGAPORE: Chicago soybeans rose on Wednesday, lifted by expectations of an increase in demand after prices slid to a contract low in the previous session due to prospects for a bumper US soybean harvest.Corn fell to levels near Tuesday's two-week low as the expected record-large US crop thrives in favourable weather. Wheat was flat after seeing a rebound from recent lows earlier on Wednesday.Chicago Board of Trade November soybeans were up 0.3 percent at $10.32 ...

London copper dips on dollar, increasing supply LONDON: Copper fell on Wednesday as a firm dollar and the prospect of increasing supply of the metal offset growing confidence in U.S. economic growth.Data on Tuesday showed orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July, helped by strong overseas demand for aircraft. The underlying trend remained firm, pointing to brisk economic growth.The figures bolstered the dollar, which hit a 13-month peak against a basket of currencies on Wednesday."Strength ...


 



 
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
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln