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Gold steadies below $1,200 ahead of Fed statement LONDON: Gold steadied below $1,200 an ounce on Wednesday after a volatile previous session as traders awaited the outcome of the U.S. Federal Reserve's last policy meeting of the year, when it may signal how soon it will raise interest rates.Investors were also eyeing Russia after the rouble plunged more than 11 percent against the dollar on Tuesday despite a hefty interest rate hike by the country's central bank.Spot gold was little changed at $1,196.60 as of 1013 GMT. On Tuesday, the metal hit a session high above $1,221 then a one-week low of $1,188.41 before ending marginally firmer.Investors will be watching whether the Federal Open Market Committee removes the phrase "considerable time" in the statement it releases at 1900 GMT with regard to the timing of an interest rate increase.Dropping that phrase would mean the Fed is preparing the market for a rate hike next year as the U.S. ...

Copper drops on China output increase, oil's slide LONDON/SYDNEY: Copper fell on Wednesday, under pressure from a rise in output in top consumer China and as investors continued to exit commodities, prompted by oil prices plunging to 5-1/2-year lows.Production of refined copper in China, which accounts for some 45 percent of global demand, rose 3.1 percent from the previous month in November, hitting a record for the fourth straight month.In the wider markets, fears of a full-blown currency crisis in Russia and oil's ...
Gold jumps 2pc as dollar slides, investors bolt for safety LONDON: Gold jumped 2 percent on Tuesday after its biggest one-day drop this year, as the dollar slid and investors sought safe havens as oil plunged and an emergency rate hike by Russia failed to stabilise the rouble.The dollar index fell 0.7 percent, its biggest one-day drop since mid-October, as turmoil in global foreign exchange markets drove investors to the safety of the yen and the Swiss franc.Spot gold was up 1.6 percent at $1,211.60 ...
Gold up on weak dollar after worst day in a year, Fed eyed LONDON: Gold rose on Tuesday, aided by a softer dollar and lower European stocks, after falling more than 2 percent in the prior session in its deepest 1-day slide in over a year.Spot gold was up 0.7 percent at $1,201.00 an ounce by 1113 GMT as other markets, already nervous about this week's U.S. Federal Reserve meeting, were rattled by the failure of Russia's emergency interest rate rise to stabilise its currency.Gold lost 2.5 percent ...
Wheat slips from 5-month peak, focus on Russian exports LONDON: Wheat prices climbed to a five-month high on Tuesday as the market focused on whether Russia will curb exports as a result of pressure on the rouble.Corn futures were lower, weighed down partly by further weakness in the crude oil market while soybean prices also fell.March wheat on the Chicago Board of Trade was off 0.04 percent at $6.18-3/4 a bushel at 1132 GMT after earlier peaking at $6.23-1/2, the highest level for the ...
Sugar hits 2-1/2-month low, weighed down by oil price slump LONDON: Raw sugar on ICE hit a fresh 2-1/2-month low on Tuesday, weighed down by the oil price slump, while arabica coffee dipped as rainfall in top grower Brazil eased stress on parched trees.London prices cocoa rose, buoyed by a drop in deliveries of beans to ports in top producer Ivory Coast.March raw sugar traded down 0.07 cent, or 0.5 percent, at 14.89 cents a lb at 1138 GMT, having earlier touched 14.86 cents a ...
Corn at 5-month top on fund buying PARIS/SINGAPORE: US corn rose for a third consecutive session on Monday to its highest in five months as investment fund buying created momentum on price charts and offset rising global supply.Wheat edged higher to stay close to a five-month peak set on Friday as uncertainty over Russian export policy continued to underpin the market. Soybeans were also slightly higher.The Chicago Board of Trade March corn contract had risen 0.9 percent to $4.11 a bushel by ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln