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With dollar on a tear, gold and silver rout far from over NEW YORK: Gold's rout may be far from over, with many analysts and traders surveyed by Reuters predicting prices could fall to $1,000 per ounce by the end of the year, the first time at that level since 2009, even after Friday's 3-percent short-covering rally.A rush of physical buying in the past week - from jewelry in Shanghai to coins in Germany - may prove to be a dead-cat bounce that is too feeble to offset a broader trend of selling by investors betting on further gains in the dollar, U.S. equities and an improving U.S. economy, according to the survey of more than two dozen analysts and traders.Half of the 27 respondents surveyed on Wednesday and Thursday predicted gold prices will breach a critical support at $1,100 per ounce by the end of this year.A significant portion even had $1,000 in their sights, which would be a five-year low ...

US yields fall as payroll, wage growth disappoint NEW YORK: US Treasury debt yields slipped on Friday as growth in US jobs and wages in October fell short of expectations, reviving bets the Federal Reserve will not consider raising policy rates until late 2015. Treasuries yields came off one-month peaks posted shortly before the release of the government's jobs report as Wall Street opened lower, spurring demand for US government debt.The US Labor Department said employers added 214,000 jobs last month, below the ...
Gold rises as dollar drops, breaks 4-day drop NEW YORK/LONDON: Gold rose on Tuesday, snapping a four-session losing streak, boosted by a drop in the dollar index and expectations of Asian physical demand following bullion's tumble to a four-year low.The yellow metal was supported as the dollar dropped against the euro on a report citing internal tensions within the European Central Bank over the leadership style of its chief, Mario Draghi, that has the markets expecting limits on future loosening of monetary policy. ...
Spot gold to end rebound around $1,207 SINGAPORE: Spot gold may end its current weak rebound around a resistance at $1,207 per ounce, and then resume its downtrend towards the Oct. 6 low of $1,183.46.The short-term uptrend from this low has been reversed more than 76.4 percent, as indicated by a Fibonacci retracement analysis. Chances are high that the trend will eventually be totally reversed.Gold is riding on a downward wave c, the third wave of a three-wave cycle that started at ...
Brazil's 2015 coffee crop seen as big as 47mn bags SAO PAULO: Brazil's 2015 coffee crop is expected at best to reach 47 million 60-kg bags, on par with this year's crop that just finished harvest, a Rabobank analyst said. Rafael Barbosa, food and agribusiness analyst at the bank, said in an email late on Monday that he expected rains to return to the drought-stricken coffee belt in the coming weeks, which would likely unleash widespread flowering across the coffee belt. Even so, he did ...
Soybean offers firm on steady demand CHICAGO: US FOB Gulf soybeans basis offers were steady to firm and futures edged higher on strong processor and exporter demand even as harvest progressed, traders said on Tuesday.Corn and wheat basis values were steady with stronger futures reflecting domestic demand. Overseas competition for corn, but especially wheat, continues to restrain fresh buying. The US corn harvest is still less than half complete and two weeks behind normal, keeping interior basis bids firm.Soybeans and the ...
Mexico chamber sees 2014/15 sugar exports to US down over 20pc MEXICO CITY: Mexico expects to export 1.5 million tonnes of sugar to the United States in the current season following a trade deal struck this week, the country's sugar chamber said on Tuesday, in what would mark a sharp drop from the previous season. The forecast export volume compares with an estimated 1.9 million tonnes during the 2013/14 crop year that ended on Sept. 30, or a decline of more than a fifth. Monday's accord, ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
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Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln