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Gold hits 3-1-2 week high as Yemen air strikes rattle markets LONDON: Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 percent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets seen as lower risk, like bullion and German bonds.European stocks tumbled 1.3 percent, the dollar fell and oil prices leapt 6 percent after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen to counter Iran-allied forces besieging the southern city of Aden.Spot gold hit a peak of $1,219.40 an ounce and was up 1.2 percent at $1,210.30 at 1028 GMT, while U.S. gold futures for April delivery were up $12.70 an ounce at $1,209.70.That extended a rally in gold to a seventh session, its longest winning streak since 2012. Soft U.S. data earlier this week boosted expectations the Federal Reserve would keep interest rates low for the time being, lifting gold."Overnight we have seen ...

Copper up to near 3-month high on Chile mine closures, soft dollar LONDON: Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding, the dollar weakened and oil rallied on military strikes in Yemen.Other base metals joined the rally on the London Metal Exchange, spurring some investors to scramble to buy contracts to close out bearish bets.Lead touched the highest in almost two months and zinc hit a one-month peak.Three-month LME copper climbed 1.5 percent ...
Copper price dips, nickel hit by record stocks LONDON: Copper prices slipped on Wednesday as some investors sold to lock in recent gains while nickel also fell after inventories hit an all-time peak. A retreat in the dollar has helped fuel gains in base metals over the past week with copper surging more than 10 percent trough-to-peak over the week to Tuesday. "After the significant bounce we've seen over the past week, led by copper, it's not completely surprising that base metals are ...
Raw sugar rebounds from 6-year low, coffee rallies LONDON: Raw sugar futures turned higher on Wednesday as a weaker dollar helped the market rebound from a 6-year low but the scope for significant recovery was expected to be capped by plentiful supplies.Dealers said currency factors were playing a dominant role in the market with a further fall in the value of Brazil's real earlier in the day sending sugar prices to a fresh low before the currency staged a modest recovery as the ...
Raw sugar hits six-year low on weak real, abundant supplies LONDON: Raw sugar futures prices slumped to a fresh six-year low on Wednesday, weighed on by plentiful supplies as the cane crush in Brazil got underway while the continued weakness of the currency of the world's top producer added to the downward pressure on prices.Global stocks of sugar have been climbing during the last few years while the weakness of Brazil's real currency make exports more attractive to domestic producers."The weakness of the Brazilian real ...
Gold hits 2-1/2 week high as German data lifts euro LONDON: Gold hit 2-1/2 week highs on Wednesday as upbeat German sentiment data and weaker than expected U.S. durable goods numbers drove the euro higher against the dollar and as expectations for an imminent U.S. interest rate rise receded.The euro was up 0.4 percent versus the U.S. currency after a survey on German business morale fuelled expectations that a euro zone economic recovery is strengthening, extending gains after U.S. durable goods data missed expectations.Spot gold ...
Copper dips from peak, nickel hit by record stocks LONDON: Copper dipped on Wednesday as some investors sold to lock in recent gains while nickel also fell after inventories hit an all-time peak, highlighting a glut of metal.A retreat in the dollar has helped fuel gains in base metals over the past week with copper surging more than 10 percent trough-to-peak over the week to Tuesday."After the significant bounce we've seen over the past week led by copper, it's not completely surprising that base ...

 



 
Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln