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Gold falls from 7-week high as dollar, shares recover LONDON: Gold fell on Thursday, retreating further from the previous session's seven-week high as the dollar and European shares firmed, dulling gold's appeal as an alternative investment.Spot gold was down 0.5 percent to $1,220.06 an ounce by 1034 GMT. The metal rose to a seven-week high of $1,238.20 on Wednesday, before giving up gains on a steadier equity markets.Gold was still on track for a 2.6 percent weekly gain so far, the biggest since mid-Oct, as it benefitted from a pullback in the dollar over the past few sessions."The key driver behind the recent recovery in prices is the short-covering activity in the futures markets and not really a change in fundamentals," Julius Baer analyst Carsten Menke said."The fundamental picture is still skewed towards interest rates normalisation in the United States next year and maybe more dollar strength in the medium term and generally a picture of economic recovery, with ...

Copper falls as growing supply offsets China easing hopes LONDON: Copper slipped on Wednesday from two-week highs hit in the previous session, with hopes for more monetary policy easing in top consumer China overshadowed by worries over swelling supplies and weak global growth.Data out earlier showed China's consumer inflation hit a five-year low of 1.4 percent in November, stoking expectations that Beijing will move more aggressively to head off the risk of deflation in a slowing economy.Copper failed to benefit because of worries over ...
Gold steadies near 7-week peak as stock markets surrender gains LONDON: Gold steadied near seven-week highs on Wednesday as equity markets surrendered earlier gains to turn lower and the dollar extended losses versus a basket of currencies.Spot gold was little changed at $1,231.47 an ounce by 1511 GMT, recovering from a daily low of $1,224.73. Overnight it hit a peak of $1,238.20, its highest since Oct. 23, having risen more than 2 percent on Tuesday as the dollar and stocks fell.The metal quickly recovered early ...
Raw sugar extends rebound as Brazil cane crush winds down LONDON: Raw sugar futures on ICE rose for the third consecutive day on Wednesday as the market extended its rebound from last week's 2-1/2 month low.Arabica coffee futures fell, weakened partly by rains in top grower Brazil, while New York cocoa was also lower.March raw sugar rose 0.13 cents or 0.8 percent to 15.55 cents a lb by 1458 GMT. The front month fell to a low of 15.02 cents last week, its weakest level ...
Gold edges lower below 7-week peak on firmer shares, drop in oil LONDON: Gold edged down on Wednesday, holding below a seven-week peak hit earlier as a modest rebound in equity markets and lower crude prices more than offset the impact of a weaker dollar.Spot gold was down 0.3 percent at $1,226.90 an ounce by 1042 GMT. The metal had jumped in earlier trade to $1,238.20, its highest since Oct. 23, having risen as much as 2.8 percent in the previous session on lower share prices and ...
Copper falls as growing supply offsets China easing hopes LONDON: Copper slipped on Wednesday from two-week highs hit in the previous session, with hopes for more monetary policy easing in China overshadowed by worries over swelling supplies and weak global growth.Data out earlier showed China's consumer inflation hit a five-year low of 1.4 percent in November, stoking expectations that Beijing will move more aggressively to head off the risk of deflation in a slowing economy.China consumes about 45 percent of the world's copper.However, worries ...
Arabica hits fresh 4-1/2 month low, sugar dips LONDON: Arabica coffee on ICE touched a fresh 4-1/2-month low on Tuesday as rains in Brazil improved the outlook for next year's crop, while raw sugar dipped, under pressure from a weak Brazilian currency.New York cocoa firmed in light volumes, with a focus on bean arrivals at West African ports during the main harvest.March arabica coffee on ICE eased 0.9 cent or 0.5 percent to $1.7715 per lb at 1359 GMT, having dipped to a ...

 



 
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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%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln