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Gold near flat pre-Christmas; fiscal cliff in focus  NEW YORK/LONDON: Gold was barely changed in Monday's pre-Christmas session, with futures ending down a notch amid light volume and uncertainty over America's fiscal condition in the coming year.   Most commodities, including oil and copper, ended lower as the US Congress drifted without a solution toward the new year after a Republican plan to avert debilitating tax hikes and spending cuts failed to gain ground last week.   The dollar, which often moves in the opposite direction of commodities, edged higher by 2:00 p.m. EST (1900 GMT), erasing losses in the euro.   "Given the condition of other markets and the relative strength of the dollar, gold is doing pretty fine," said James Dailey, portfolio manager at TEAM Financial Asset Management in Pennsylvania.   QUIET MARKET The spot price of gold stood at $1,656.99 an ounce, versus late Friday's level of $1,656.61.   The spot price could test support at $1,631, as it may have completed a rebound from a ...

Edge higher in thin pre-holiday trade  WINNIPEG: US grains edged higher on Monday in thin trading ahead of the Christmas holiday, modestly recovering from the previous week's sharp losses.   Chicago corn futures gained on expectations of a rebound in demand for US supplies, after dropping last week to their lowest level since early July. Soybeans were steady, underpinned by bargain hunting after prices slid to a one-month low last week, while wheat got a boost from concerns that dry weather was hurting ...
CHICAGO: Spot basis offers for soymeal were unchanged at rail, truck and export markets around the United States on Monday in quiet trading ahead of Tuesday's Christmas holiday, dealers said.   * Many livestock and poultry producers covered needs ahead of the holiday season, which could see interruptions in logistics amid slower rail transportation and reduced hours for truck loadings of the animal feed at soy processing plants.   * Soymeal futures edged higher in an abbreviated session at ...
CBOT soybeans rise on short-covering ahead of holiday  CHICAGO: Soybean futures on the Chicago Board of Trade rose for a second trading day Monday in a holiday-shortened session, rebounding from last week's one-month low on technical buying and short-covering, traders said.   * US markets will be closed on Tuesday in observance of the Christmas holiday, with electronic and open-outcry trade set to resume Wednesday at 9:30 a.m. CST (1530 GMT).   * USDA delayed the release of its weekly report on US grain export inspections until ...
Soybeans, corn edge higher, but set for big weekly drops  SYDNEY: US soybeans climbed on Friday as technical buying drove a rebound from sharp losses in the previous session, but they remain on course for their biggest weekly drop in three months.   Corn edged higher after hitting a near six-month low on Thursday, but is on track to record its largest weekly loss since the week ending September 23.   Wheat firmed, having marked a near-six-month low on Thursday.   Chicago Board Of Trade January soybeans rose 0.94 percent to ...
Argentina soy prices hit one-month low on CBOT losses  BUENOS AIRES: Argentina's closing soy prices and trends on Thursday: * Soy prices fell by at least 3 percent to end at 1,850 pesos ($378) per tonne in Rosario, down from Wednesday's unofficial price of 1,910-1,950 pesos. Traders said local prices - the lowest in a month - reflected sharp losses on the benchmark Chicago futures market.   * Chicago Board of Trade soybean futures were lower on another cancellation of US soybean export sales by China and ...
Gold below $1,650/oz, down 1.1pc on fund selling  NEW YORK: Gold plunged below $1,650 an ounce on Thursday, down more than 1 percent, and to its lowest since August as heavy liquidation by hedge funds and signs of an improving US economy triggered selling.   The metal broke below its 200-day moving average, which it had held for four months, as safe-haven bidding faded following a government report that showed the US economy grew at a faster-than-expected 3.1 percent annual rate in the third quarter.   Silver ...

 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln