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Gold dips as Asian stocks climb; safe-haven bids keep losses in check SINGAPORE: Gold eased on Tuesday as Asian shares gained strength but the metal continued to stay above $1,300 an ounce as escalating tensions over conflicts in Ukraine and the Gaza strip burnished the metal's safe-haven appeal.Spot gold slipped 0.35 percent to $1,307 an ounce by 0554 GMT. It had gained as much as 0.6 percent in intraday trading on Monday, but failed to hold the gains and closed flat.Asian stocks touched a three-year peak on Tuesday, despite lingering concerns about crises in Ukraine and Gaza, while the yen eased against the dollar and the euro."Uncertainty in Eastern Europe and the Middle East should provide support for the metal," Swiss precious metals trader MKS Group said in a note. "Immediate support (is) at $1,310 and a solid break through $1,325-26 (is) required for a continued move higher."The United States, alarmed by escalating civilian bloodshed in an Israeli offensive in the Gaza ...


Palm falls for 2nd day on external pressures; tight supplies anticipated KUALA LUMPUR: Malaysian palm oil futures fell for a second day on Tuesday, following losses in Chinese soy markets and on worries of bumper soy crops, although anticipation of tighter palm supplies curbed losses and kept prices stuck in a tight range.By the midday break, the benchmark October contract on the Bursa Malaysia Derivatives Exchange had edged down 0.4 percent to 2,287 ringgit ($720) per tonne, with prices locked between 2,282 and 2,293 ringgit.While bearish ...

Tokyo futures recover to end little changed TOKYO: Benchmark Tokyo rubber futures ended little changed on Tuesday, erasing earlier losses helped by a weaker yen and the strength in Shanghai futures, dealers said.The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for December delivery rose 0.1 yen to settle at 202.3 yen ($1.99) per kg. TOCOM markets were closed on Monday due to a national holiday.The contract touched an intraday low of 199.7 yen, the lowest since last Thursday."It started lower ...

NY cocoa may test resistance at $3,142 SINGAPORE: New York September cocoa may test a resistance at $3,142 per tonne, a break above which will lead to a further gain to $3,174.The resistance has been formed around the 38.2 percent Fibonacci projection level of a presumed wave c starting at the June 25 low of $3,040. The big gain on July 21 signals a resumption of the wave c. A rise above the July 3 high of $3,149 will confirm the break ...

Copper steadies, but gains capped by growing supplies LONDON: Copper steadied on Monday as risk-hungry investors saw value in a metal whose price lost 2.4 percent last week, though worries over China's property sector and a build-up of copper stocks kept gains in check.COMEX copper speculators boosted net "long" or buy positions to their highest level since at least 2006 in the week to July 15, according to the Commodity Futures Trading Commission and Reuters data.Still, the case to sell copper remained strong. ...

Turkey tenders to buy 165,000 T wheat, 65,000 T barley: trade HAMBURG: Turkey's state grain agency TMO has issued an international tender to purchase and import up to 165,000 tonnes of milling wheat and 65,000 tonnes of animal feed barley, European traders said on Monday.The new tender follows a series of large import purchases by Turkey and closes on Thursday, July 24, traders said.Turkey is among countries affected by the Middle East's driest winter in several decades, which reduced crop yields and threatens to hit food ...

Gold above $1,300/oz on lower shares, geopolitical concerns LONDON: Gold steadied above $1,300 an ounce on Monday, as European shares weakened and political tensions simmered after the downing of a Malaysian airliner in eastern Ukraine last week and incessant fighting in Gaza.Spot gold was up 0.3 percent to $1,314.19 an ounce at 0955 GMT, while U.S. gold futures for August delivery were up 0.4 percent at $1,314.70 an ounce.Gold jumped 1.4 percent last Thursday as some investors sought protection against any drop in ...


 



 
Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
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Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48





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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