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Gold slips 2pc after U.S. data; platinum falls on strike mediation pledge LONDON: Gold slipped 2 percent to a 3-1/2 month low on Tuesday, extending losses after strong U.S. data lifted optimism about the economy, while platinum fell after South Africa's mining minister pledged to mediate in a long-running strike.U.S. consumer confidence rose in line with expectations, with the Conference Board index at 83 in May from a downwardly revised 81.7 in April, as consumers saw the economy, including the labour market, in a better light.Separately, the Commerce Department said durable goods orders increased 0.8 percent as demand for defence capital goods surged.Spot gold fell 2 percent to its lowest since Feb. 10 at $1,265.76 an ounce in earlier trade and was down 1.9 percent at $1,268.10 an ounce by 1441 GMT, heading for its worst daily loss in two months. U.S. gold futures dropped 1.8 percent to $1,268.50 an ounce.Equity markets were firmer, eroding gold's appeal as a hedge against riskier ...

Sugar extends losses after data, cocoa hits 32-month peak LONDON: ICE raw sugar futures extended losses and slid more than 2 percent on Tuesday after data showed Brazil's cane harvest accelerating, while cocoa corrected lower after hitting its highest levels since September 2011.Arabica coffee dipped as uncertainty over crop damage from drought in Brazil gripped the market.ICE raw sugar extended losses after data from cane industry group Unica said Brazil's main centre-south harvest was picking up speed after a slow start to the season."More ...
Nickel ticks higher on unrest at New Caledonia mine LONDON: Nickel rose on Tuesday after rioting at Vale's mine in New Caledonia intensified worries over supply shortages, with the sector already hit by an Indonesian ban on ore exports.Copper was steady after edging to its highest in nearly three months as markets reopened after a holiday weekend and traders expected more gains in copper on robust buying in China.Nickel prices got a fillip after rioters torched vehicles, equipment and buildings at the $6 billion ...
Gold slips ahead of U.S. data; platinum group metals firm LONDON: Gold slipped on Tuesday, as share markets rose and investors waited for U.S. economic data for directional cues, while platinum group metals were supported as labour strikes dragged on in major producer South Africa.Developments in Ukraine, where air strikes and a paratrooper assault were launched against pro-Russian rebels who seized an airport on Monday, had little impact on gold, which is usually bought as an insurance against risk in times of global political uncertainty."The ...
Cocoa hits 32-month peak, arabica coffee falls LONDON: ICE cocoa futures on Tuesday hit their highest levels since September 2011 due to bullish technical signals, while arabica coffee dipped as uncertainty over crop damage from drought in Brazil gripped the market.Sugar prices eased, under pressure from surplus supplies.ICE July cocoa rose $22 or 0.7 percent to $3,044 per tonne at 1146 GMT. Earlier in the day, the ICE second month, September contract touched a 32-month peak of $3,057."New York second-month cocoa prices ...
Philippines buyers seek 95,850 T feed wheat, 84,375 T soymeal HAMBURG: A group of buyers in the Philippines has issued a tender to purchase 95,850 tonnes of feed wheat and up to 84,375 tonnes of soymeal, European traders said on Tuesday.The tender deadline is Tuesday, May 27, traders said.The group is seeking shipment of 47,575 tonnes of wheat on Aug. 1-20 if sourced from Australia or India or July 10-30 if sourced from the Black Sea region or European Union, traders said.A further consignment of ...
Gold steady, but Ukraine election win could push it lower LONDON: Gold held below $1,300 an ounce on Monday after ending flat for two straight weeks, but a Ukraine presidential election win by a pro-West candidate could bring stability to the country and undermine the precious metal's safe haven status.Exit polls in Ukraine gave pro-West billionaire Petro Poroshenko, a confectionery magnate with long experience in government and diplomatic ties to both Russia and the West, more than 55 percent of the vote."The election in Ukraine ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln