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Gold, silver tumble to 4-year lows on dollar, shares LONDON: Gold and silver slumped to their lowest since 2010 on Friday as the dollar and stock markets soared following a new round of quantitative easing by the Bank of Japan and US data showing a robust economy. Spot gold slid 2.5 percent to its lowest since July 2010 at $1,168.66 an ounce in earlier trade and was down 2.2 percent at $1,172.50 by 1046 GMT. The metal breached important support levels at $1,200 and $1,180, where stop losses - automatic sale orders - were placed and was on track for a 4.7 percent drop this week, the biggest weekly decline since June 2013. US gold futures were down $26.70 an ounce at $1,171.90. "Spot gold is at its lowest for four years ... and it could fall further towards the $1,120 level if the dollar strengthened even more significantly," ActivTrades analyst Carlo Alberto De Casa said. "More stop losses ...

Copper rises, set for first monthly gain since July LONDON: Copper rose on Friday, on track for its first monthly gain in three months, as risk appetite improved after the Bank of Japan's surprise move to expand its stimulus programme boosted equity markets. Three-month copper on the London Metal Exchange (LME) rose 0.4 percent to $6,769.25 a tonne by 1116 GMT and is up 1.5 percent so far in October. The Bank of Japan unexpectedly eased monetary policy on Friday in a 5-4 vote, ...
Tunisia gets offers in tender for 142,000 T durum wheat HAMBURG: The lowest offer in the tender from Tunisia's state grains agency on Friday to purchase 142,000 tonnes of durum wheat was $484 a tonne c&f for grain from optional origins including Mexico, European traders said. This was followed by an offer of $499.90 a tonne c&f, but most offers were between $550-$610 a tonne c&f, traders said. No purchase had yet been made and tender results are expected later on Friday, traders said. Copyright ...
London copper steady, set to post small monthly gain SYDNEY: London copper was little changed on Friday as a dollar-rally threatened to extinguish its modest monthly gains, and as traders said further strength in the greenback may erode prices going into November.The US dollar held at four-week highs against a basket of major currencies early on Friday, getting another boost from encouraging growth data a day after the Federal Reserve gave an upbeat assessment on the economy."We have a call for a modest downside ...
Copper slips as dollar rallies on Fed comments and US data LONDON: Copper fell more than 1 percent on Thursday as the dollar rallied on strong US growth data and the Federal Reserve's relatively hawkish tone on monetary policy. Data showing US gross domestic product grew at a better than expected 3.5 percent annual rate in the third quarter, though the pace of growth in business investment, housing and consumer spending slowed. The dollar extended gains made the previous day when the Federal refrained from characterising ...
Gold dips below $1,200/oz after upbeat Fed statement LONDON: Gold prices dipped below $1,200 an ounce on Thursday and silver slid to a 4-1/2 year low after the Federal Reserve ended its bond-buying stimulus programme with unexpectedly upbeat comments about the economy.Spot gold fell as low as $1,199.90 an ounce and was down 0.7 percent at $1,203.30 an ounce at 1447 GMT. US December gold futures were down $22.30 at $1,202.60. Silver was down 3.2 percent at $16.50 an ounce, having earlier hit ...
Gold slides towards $1,200/oz after upbeat Fed statement LONDON: Gold prices slid towards $1,200 an ounce on Thursday, hitting their lowest in 3-1/2 weeks, after the Federal Reserve ended its bond-buying stimulus programme on an unexpectedly hawkish note. Spot gold fell as low as $1,201.21 an ounce and was down 0.5 percent at $1,206.40 an ounce at 1015 GMT. US December gold futures were down $19 at $1,205.80. The Fed statement on Wednesday sent the dollar to its highest since Oct. 6, while ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln