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Gold edges lower as dollar cuts losses after US data NEW YORK/LONDON: Gold fell on Thursday as the dollar cut losses on US data that showed growing economic momentum, but support came from signs the Federal Reserve was unlikely to raise interest rates in June. The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, data on Thursday showed. But the four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 5,500 last week to 266,250. That was the lowest level since April 2000. Spot gold was down 0.3 percent at $1,205.28 an ounce by 2:43 p.m. EDT (1843 GMT), while US gold futures for June delivery settled down 0.4 percent at $1,204.10 an ounce. "We had a good run-up and every rally is seen as an opportunity to take profits" in the last 18 months, Ross Norman, chief executive of broker Sharps ...

CBOT soybeans fall to seven-month low CHICAGO: US soybean futures fell for the fourth time in five sessions on Wednesday on forecasts for good weather for planting and crop development in the US Midwest, traders said.The front-month Chicago Board of Trade soybean contract hit its lowest on a continuous basis since Oct. 20, 2014. New-crop November hit a fresh contract low during the overnight session.Soymeal futures also fell.Nearby soyoil contracts were flat while deferreds edged higher. Soyoil had traded higher for ...
CBOT corn eases to 1-week low on favorable US weather CHICAGO: Prices of Chicago Board of Trade corn futures eased on Wednesday for the second straight session to the lowest in a week, pressured by overall favorable weather conditions for the emerging US crop, traders said.Narrow bullspreading saw front-month July corn futures gaining slightly on the December contract, which tracks the autumn harvest.Warmer temperatures forecast next week, combined with adequate existing soil moisture, were seen as ideal for developing corn plants even as heavy rainfall ...
Gold extends gains after Fed minutes caution on rate hike NEW YORK/LONDON: Gold rose on Wednesday, briefly climbing to a new session high as the dollar pared its gains after US Federal Reserve minutes showed policy makers believed it would be premature to raise interest rates in June. Many officials at the Fed's April policy meeting believed that a bump in inflation was being offset by a weaker labor market and softer data, according to minutes from the meeting released on Wednesday. Spot gold was ...
CBOT soybeans close slightly higher on technical buying CHICAGO: Chicago Board of Trade soybean futures rose on Monday on technical buying after prices for the most actively traded July contract dipped below last week's low, traders said.Strength in soymeal, which rose 1.6 percent on bull spreading related to tight supplies at processors, lent support to soybeans.Soyoil futures fell, pressured by weakness in the crude oil market and long soymeal/short soyoil spreading.The benchmark CBOT July soyoil futures contract fell below its 200-day moving average, ...
CBOT corn rises with wheat, US frost fears CHICAGO: Chicago Board of Trade corn futures rose on Monday, supported by a 2 percent jump in wheat prices and on fears that frost and cold temperatures could harm emerging corn plants in the northern United States, traders said.Most-active July corn came within one tick of equaling its Friday high of $3.71-1/2 per bushel, before settling in the middle of its trading range at $3.68 in an "inside day" on the charts.Freezing temps in North ...
Gold hits 3-month high after run of downbeat US data NEW YORK/LONDON: Gold reached a three-month high on Monday, rising for a fifth session as a run of soft US data supported expectations that the Federal Reserve will hold off raising interest rates for the time being. Spot prices rose 3 percent last week, their biggest weekly climb in four months, after recent downbeat readings of the US jobs market, retail sales and consumer sentiment led analysts to conclude that an imminent rate increase was ...

 



 
Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln