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Gold near 4-month high on worries over Europe, global economy SINGAPORE: Gold held firm just below a four-month high on Tuesday, underpinned by safe-haven bids on market volatility stoked by uncertainty over Europe's economy and global growth worries.Traders were awaiting the European Central Bank policy meeting this Thursday, which could see the unveiling of a bond-buying stimulus package.The Sunday election in Greece, where the anti-bailout party Syriza maintains a lead in the polls, also added to nervousness in the market.Spot gold was steady at $1,277.10 an ounce at 0735 GMT, after easing 0.2 percent on Monday. The metal had jumped to a September peak of $1,281.50 on Friday, after a broad market rout prompted by Switzerland's unexpected move abandoned a cap on the franc."The expectation is gold will move higher towards $1,300, however, we are likely to see a profit-taking-driven pull back with support for such a move lower sitting around $1,250," said MKS Group trader Sam Laughlin."The market will ...


Copper steady as China data relieves market LONDON: Copper steadied on Tuesday after top metals user China reported its economy had not slowed as far as many had feared, but gains were limited by long-standing concerns that the global copper market will record a surplus this year.China reported growth of 7.3 percent for 2014, just pipping forecasts of 7.2 percent growth. In addition, its retail sales and industrial production numbers both ran ahead of predictions in December.While the 2014 growth number was ...

Gold hits 4-1/2-month high on worries over Europe LONDON: Gold rose more than 1 percent on Tuesday to its highest since early September, as uncertainty about how extensive a stimulus programme the European Central Bank will announce on Thursday drove investors into less risky assets.Buying accelerated on a break of the previous day's high, dealers said, as stops were triggered, taking the metal to a session high of $1,294.10 an ounce.Spot gold was up 1.2 percent at $1,292.20 at 1019 GMT, while U.S. ...

Palm edges up on near 6-year low ringgit, but struggles with grim outlook KUALA LUMPUR: Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows.Industry experts say palm prices face a volatile year in 2015 and will be driven by global demand factors, including uncertain market movements in crude and rival edible oils. The ...

Soybeans at 3-month low on Brazil rain, China demand doubts PARIS/SINGAPORE: US soybeans slipped to the lowest in almost three months on Tuesday, sapped by worries about weakening Chinese demand and forecast rain that could keep Brazil on course for a record crop.Corn eased, giving up some of its export-fuelled gains in the previous session, as lower crude oil and a firm dollar weighed on sentiment. Wheat inched lower to stay close to a two-month low against a backdrop of lacklustre export demand.Chicago Board Of ...

London copper climbs off 5-1/2 year lows; China, ECB in focus MELBOURNE: London copper climbed on Monday as prices recovered from last week's 5-1/2 year lows after China's state grid boosted spending plans, but caution over China's economy and this week's European Central Bank meeting were expected to cap any upward momentum.As part of a broader package of stimulus to help shore up its struggling economy, China's state power grid on Friday announced plans to boost investment by 24 percent this year to 420 billion yuan ...

Gold near 4-month high on fund inflows, safe-haven bids SINGAPORE: Gold held close to a four-month high on Monday as uncertainty in global markets pushed investors towards the safe-haven metal, with holdings in the top bullion fund recording their biggest jump in nearly five years.A market rout after Switzerland unexpectedly abandoned a cap on the franc last week triggered strong bids for gold, often seen as an alternative investment to risky assets.Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, climbed 1.92 ...


 



 
Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln