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Gold above $1,200 as dollar eases, US rate outlook caps gains LONDON: Gold steadied on Tuesday as positive technical signals and an easing of the dollar against a a basket of currencies helped the metal to recover from early losses that briefly pulled it below $1,200 an ounce. Spot gold was up 0.1 percent at $1,207.65 an ounce at 1031 GMT, having dropped by nearly 1 percent to a session low of $1,194.90 as the dollar hovered around 11-year highs, helped by rising Treasury yields. US gold for April delivery gained $1 to $1,209 an ounce, a 1.2 percent rebound from an earlier low of $1,194.60. "Stops were triggered overnight in Asia with good volume trading ... prices didn't spend a lot of time under $1,200 and seem to be forming a nice technical base in the low $1,190s," Deutsche Boerse's MNI senior analyst Tony Walters said. "(But) if the US non-farm payrolls data is a better number, the hawks will ...

Glencore back to profit despite plunging commodity prices GENEVA: Mining and commodities giant Glencore was back in the black in 2014, posting a $2.3 billion net profit, but took a $1.1 billion impairment charge on dwindling commodity prices, it said Tuesday.The healthy profit comes after the Swiss company suffered an $8.0 billion loss a year earlier.However, taking into account the group's absorption of Swiss mining giant Xstrata, the Swiss company saw its results on a comparable pro forma basis slip seven percent from ...
Gold steadies off 2-week high, eyes US policy LONDON: Gold steadied on Monday as investors cashed in gains after upbeat Asian demand earlier lifted the metal to two-week highs, with expectations for a rise in US interest rates later this year keeping a lid on prices.Spot gold was at $1,212.40 an ounce at 1505 GMT, little changed from late on Friday. US gold futures for April delivery were down $1.30 an ounce at $1,211.80.Earlier spot prices rose to $1,223.20 an ounce, their highest ...
Raw sugar hits 5-month low, arabica weakest in a year LONDON: Raw sugar futures on ICE hit a five-month low on Monday as high stocks and expectations of a good Brazilian crop following ample rain kept the market defensive.Arabica coffee futures on ICE touched a one-year low, pressured by rain in Brazil, while cocoa futures eased in technically driven dealings.Dealers said the sugar market also focused on a big delivery against the March raw contract, which expired on Friday.Some 19,998 lots, or 1.02 million tonnes, ...
Copper retreats from 7-week peak on worries over Chinese growth LONDON: Copper rose to its highest level in seven weeks on Monday after China unexpectedly cut interest rates before retreating on worries about slowing Chinese growth."It's disappointing, I would have expected prices to move more than they did. The rate cut is showing the readiness of the Chinese government to fight against the slowdown," said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.Three-month copper on the London Metal Exchange climbed to a session ...
Gold hits 2-week high as China rate cut seen spurring buying LONDON: Gold rose to its highest level in nearly two weeks on Monday, shrugging off the dollar's multi-year high after an interest rate cut in Beijing lifted demand in China, the world's second largest gold market.Weakness in Chinese manufacturing, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing."Anything that helps stimulate consumer spending is gold favourable because there are more chances ...
Copper retreats from 7-week peak after China rate cut LONDON: Copper rose to its highest in seven weeks on Monday after China unexpectedly cut interest rates before retreating on worries about slowing Chinese growth."It's disappointing, I would have expected prices to move more than they did. The rate cut is showing the readiness of the Chinese government to fight against the slowdown," said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.Three-month copper on the London Metal Exchange climbed to a session high ...

 



 
Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln