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Gold slips on equities strength, Greek deal hopes NEW YORK/LONDON: Gold fell more than 1 percent on Monday as global equities jumped on possible signs of progress in Greek debt talks, which curbed safe-haven demand for the metal.Spot gold fell as much as 1.5 percent to a session low of $1,181.90 an ounce and was down 1.3 percent at $1,184.01 an ounce by 2:16 p.m. EDT (1816 GMT).U.S. gold futures for August delivery settled down $17.80, or 1.5 percent, at $1,184.10 per ounce.Gold is typically regarded as a good bet in times of financial and economic uncertainty, but traders have seen only modest demand over the past few days from investors concerned about the Greek debt crisis."There's always that underlying feeling that a deal will be done ... but if there was a default, that would be when gold would likely rise to its traditional role as a hedge against a worst-case scenario," ETF Securities analyst Martin Arnold ...

ICE sugar surges on short-covering, cocoa nears 2011 high NEW YORK/LONDON: Raw sugar futures surged more than 3 percent on heavy short-covering on Monday, in their biggest rise in two months after data showed speculators sharply increased their bearish position, while London cocoa neared last week's 2011 high.Coffee futures rose while the spot robusta spread narrowed for the second straight session after last week's surprise jump to a premium well above $100 per tonne.ICE raw sugar futures rallied on short-covering after Friday's Commitments of ...
Gold turns higher after Fed statement, dollar extends losses NEW YORK/LONDON: Gold turned higher on Wednesday, after the Federal Reserve said the U.S. economy is likely strong enough to support an interest rate increase by the end of 2015, causing the dollar to extend losses.The U.S. economy, after contracting in the first quarter, is now on track to grow between 1.8 percent and 2.0 percent this year, according to the central bank's latest policy statement and new projections issued by Fed policymakers.Spot gold was ...
Raw sugar rebounds from 6-1/2-year low, cocoa eases NEW YORK/LONDON: Raw sugar futures on ICE bounced higher on Wednesday, after failing to make a new 6-1/2-year low, while cocoa fell back from the prior session's 8-1/2 month high.Robusta coffee was mostly lower, although the spot contract's premium to September sharply extended its rise to the highest in more than a year as July options expired. Arabica coffee fell as July/September spreading boosted volume.Raw sugar prices initially extended last week's losses on large stocks, ...
Soybeans rally as planting slows, crop concerns emerge; corn firm CHICAGO: Chicago Board of Trade soybean futures rose as much as 2.5 percent on Tuesday, supported by the U.S. Department of Agriculture's cut to crop ratings and its report showing planting has fallen behind the typical pace, traders said.Corn futures rose too, firming on bargain buying after posting a sharp decline on Monday. The gains in corn, which also received support from declining crop ratings, pulled it from contract lows."The low held overnight thanks to ...
Gold dented by firm dollar ahead of Fed statement; Greece eyed NEW YORK/LONDON: Gold slipped on Tuesday as the dollar firmed as the U.S. Federal Reserve policy meeting got underway, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets.Spot gold fell 0.4 percent to $1,181.45 an ounce by 2:59 p.m. EDT (1959 GMT), while U.S. gold futures for August delivery settled down $4.90 an ounce at $1,180.90."Gold is weaker because people are still thinking that the U.S. economy is recovering," Citi strategist ...
Raw sugar falls to 6-1/2 year low, cocoa at 8-1/2-month high NEW YORK/LONDON: Raw sugar futures on ICE fell to a 6-1/2-year low for the second straight day on Tuesday, pressured by abundant supplies and chart-based sell signals, while cocoa extended gains to an 8-1/2 month high on momentum buying.Robusta coffee climbed, with the focus on the July/September spread, which rallied to the steepest premium in more than a year. Arabica rose but remained well within the range it has held for more than three months.Raw ...

 



 
Index Closing Chg%
Arrow DJIA 17,440.59 0.73
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Arrow S&P 2,067.64 0.58
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln