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Gold steadies around $1,200/oz as dollar extends losses NEW YORK/LONDON: Gold steadied around $1,200 an ounce on Thursday, paring losses as the U.S. dollar extended gains, while weak demand for physical metal added pressure and uncertainty over the timing of a Federal Reserve rate hike underpinned prices.Spot gold was down 0.05 percent at $1,200.66 an ounce by 2:26 p.m. EDT (1826 GMT), having traded from $1,194.56 to $1,209.10. U.S. gold for June delivery fell $3.30 to settle at $1,998 an ounce.Gold prices extended intraday losses after U.S. Federal Reserve Vice Chairman Stanley Fischer said signs were building that U.S. inflation was headed toward the Fed's target, repeating his view that the central bank is likely to raise rates this year."That could be one of the intraday factors that moved the market a little bit lower, coupled with the overall perception that we're in a deflationary environment," said Eli Tesfaye, senior market strategist for RJO Futures in Chicago."Technically, it's ...

ICE cotton falls to 2-week low on weak US export sales data NEW YORK: Cotton futures fell to their lowest levels in two weeks on Thursday after weekly U.S. government export sales data showed a net cancellation in new sales, prompting investor selling and outweighing the supportive effect of a weaker U.S. dollar.The most active July cotton contract fell 0.42 cent, or 0.6 percent, to settle at 64.58 cents a lb, after falling as low as 63.83 cents a lb, its lowest since April 2.Front-month May cotton ...
CBOT wheat falls on technicals, forecasts for US Plains showers CHICAGO: Wheat futures on the Chicago Board of Trade fell Wednesday for a third straight session, setting a one-month low on technicals and expectations for drought-relieving rains late this week in the US Plains, traders said.Technical selling noted as CBOT May wheat fell below its March 16 low of $4.93 a bushel.Contract lows set across the board in K.C. hard red winter and MGEX spring wheat futures.The Commodity Weather Group forecast 0.5 to 2 inches ...
Gold rises above $1,200 an ounce as dollar turns lower NEW YORK/LONDON: Gold rose 1 percent above $1,200 an ounce on Wednesday, as the dollar turned weak late in the session after weaker than expected US economic data, while stronger US and European stocks limited the metal's upside. Spot gold, lower initially, rose as much as 1 percent to a session high at $1,204.60.It was up 0.8 percent at $1,203.10 an ounce by 2:42 p.m. EDT (1842 GMT), extending gains above the 50-day moving average ...
Soybeans rally to 1-week high; wheat falls to 1-month low CHICAGO: Chicago Board of Trade soybean futures climbed to a one-week high on Wednesday on technical buying and data showing US processors crushed more soybeans in March than analysts expected.Corn followed soybeans higher while wheat fell to a one-month low, extending this week's losses on forecasts for drought-relieving showers in the US Plains.At the CBOT, May soybean futures settled up 4-3/4 cents at $9.65 per bushel, after trading as high as $9.76-3/4.May wheat ended down ...
ICE May white sugar delivery seen at 183,750 tonnes NEW YORK: Trade house ED&F Man was expected to be the sole buyer of 183,750 tonnes of white sugar delivered against the ICE May refined sugar futures contract that expired on Wednesday, said US traders.The modest delivery of 3,675 lots, worth about $68 million, of sugar was expected to be of Guatemalan, Brazilian and Thai origins and was broadly in line with expectations, the traders said. A spokesman for ED&F Man could not be reached ...
Wheat nears one-month low on welcome rains for US Plains CHICAGO: Chicago Board of Trade wheat fell below $5 a bushel to its lowest in nearly a month on Tuesday, under continued pressure from forecasts of drought-relieving showers in the US grain belt.Soybeans rallied from recent multi-month lows on bargain buying, and corn also firmed.At the Chicago Board of Trade as of 12:01 p.m. CDT (1701 GMT), May wheat was down 3-3/4 cents at $4.98-1/2 per bushel. May soybeans were up 10-1/4 cents at $9.59 ...

 



 
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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