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Gold choppy after Fed signals on track for 2015 rate hikes NEW YORK/LONDON: Gold turned lower on Wednesday, after briefly climbing above $1,200 per ounce following the US Federal Reserve's signal that it remained on track to raise interest rates in 2015. The Fed offered a strong message that it was on track to raise interest rates sometime next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy. Spot gold was down 0.4 percent at $1,191.45 by 2:46 p.m. EST (1946 GMT). On Tuesday, the metal's trading was volatile, hitting a session high above $1,221 then a one-week low of $1,188.41 before ending marginally firmer. "It's open to a lot of interpretation as far as gold is concerned," said James Steel, chief metals analyst for HSBC Securities in New York, referring to the Fed's statement. "I think the gold market will probably look to the foreign exchange markets ...

Wheat hits 6-month high on Russia worries; soy, corn firm CHICAGO: Chicago Board of Trade wheat futures surged 4 percent on Wednesday, rising for a fifth straight session on worries that Russia, a key global supplier, might restrict exports to cool domestic prices, traders said.Strong US ethanol production bolstered corn, while soybeans firmed on technical buying.CBOT March wheat settled up 25-1/4 cents at $6.48-1/2 per bushel, after reaching $6.50-3/4, the highest spot price on a continuous price chart since May 23.March corn ended up 2-1/4 ...
Gold sinks over 2 percent for worst day in 2014 on oil rout NEW YORK/LONDON: Gold fell more than 2 percent to one-week lows on Monday for its weakest session so far this year after a late sell-off triggered by oil's continued rout and a stronger dollar ahead of the key Federal Reserve meeting later in the week. Bullion prices had weakened in early trade as the dollar firmed before the Fed meeting on Tuesday and Wednesday, which could provide clues on the timing of a possible interest ...
Arabica coffee jumps from 4-1/2-month low, sugar eases NEW YORK/LONDON: Arabica coffee futures on ICE rallied after tapping a 4-1/2-month low on Monday, rising on technical support, while raw sugar extended losses to hit a 2-1/2-month low as the weak Brazilian currency attracted selling. Cocoa futures rose for the second straight session. In coffee, March arabica coffee finished up 4.65 cents, or 2.7 percent, at $1.7865 per lb, after nudging down to $1.7350, the lowest for the second-position contract since July 23.The contract ...
Wheat jumps 2 percent on Russian supply jitters, technicals CHICAGO: Chicago Board of Trade wheat futures rose about 2 percent on Monday on a mix of chart-based buying and uncertainty over Russian grain export policy, traders said.Soybeans fall as a monthly industry report showed a smaller-than-expected November soy crush. Corn was choppy as stepped-up farmer selling offset early gains.At the CBOT at 12:40 p.m. CST (1840 GMT), March wheat was up 12-1/4 cents at $6.18-3/4 per bushel. January soybeans were down 5-1/2 cents at ...
CBOT corn hits 5-month high on fund buying, FSA acreage CHICAGO: Chicago Board of Trade corn futures rose on Monday, finishing at its highest closing price since July on support from investment fund buying tied to expectations for a reduction in acres next month by the US Department of Agriculture, traders said.USDA'S Farm Service Agency early on Monday increased so-called "prevented plantings" corn acres for ground that farmers were unable to plant during the spring. The report was an indication that USDA could reduce harvested ...
CBOT soybeans close lower on NOPA report; soymeal, soyoil weak, too CHICAGO: US soybean futures fell on Monday on pressure from a disappointing report on US crushings and technical sales, traders said.The benchmark Chicago Board of Trade January soybean futures contract firmed early in the session but turned lower after failing break through last week's high of $10.60-1/4 a bushel.Soymeal and soyoil futures also fell. Weakness in the cash market weighed on soymeal, while a sharp drop in crude oil prices dragged soyoil lower.Soyoil retreated from ...

 



 
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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 25, 2015
Reserves $15.019 bln