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Gold tipped to decline for third straight year in 2015 LONDON: Gold prices will lag industrial precious metals platinum and palladium in 2015, analysts polled by Reuters predict, as a gradually stabilising world economy favours raw materials over so called "defensive" assets.A poll of 30 analysts conducted by Reuters over the last month returned an average gold price forecast of $1,225 an ounce for next year, against $1,270 an ounce predicted for 2014. That would represent a third consecutive year of losses.A similar survey in July returned an average 2015 price view of $1,250 an ounce, suggesting confidence in gold is waning.The metal's more than decade-long bull run came to an end last year as prices crashed by 28 percent.Despite some strength in early 2014 as stocks and the dollar retreated, gold prices have struggled to recover, and are currently little changed on the year."Following a period of stability, we expect gold prices to resume their decline in 2015 as ...

Supply to flood copper market in 2015, weighing on prices LONDON: Copper prices face pressure next year due to a growing global surplus, as tepid demand from top consumer China fails to soak up surging supply from new and existing mines, a Reuters poll showed.The average forecast for 2015 cash copper prices from 25 market participants was $6,724.03 a tonne, down 0.5 percent from a similar forecast in July.For 2014, analysts expect prices to average $6,887.60 a tonne, down 0.2 percent from a previous forecast ...
Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data ...
LME to offer more electronic liquidity on monthly dates LONDON: The London Metal Exchange (LME) plans to offer more liquidity on on its electronic platform to attract more investment from speculators and funds, a top official said on Monday.The world's biggest and oldest industrial metals market will soon release proposals about adding liquidity on the so-called "Third Wednesday" contract expiration dates, Matthew Chamberlain, head of business development, told a seminar at the start of LME Week."We will shortly be going out to the market ...
Corn prices edge higher, plentiful supply limits upside LONDON: Chicago corn futures crept higher on Friday, boosted by delays to the US harvest, but the run-up in prices earlier in the week appeared to be losing momentum and soybeans were lower. Wheat futures edged up with prices in the European Union supported by the current strong pace of exports. December corn on the Chicago Board of Trade rose 0.1 percent to $3.52-1/2 a bushel by 1139 GMT. The front month hit a six-week ...
Copper, base metals rebound but still vulnerable LONDON: Industrial metals rebounded on Friday, taking a pause after heavy losses this week, but analysts cautioned that markets were still on edge and vulnerable to deeper losses. Copper was the weakest metal, bouncing slightly after hitting six-month lows on concern about a surge of mine supply swamping the market. The rise in other metals was stronger, along with other global financial markets, following signs of strength in the US economy and reassuring words from ...
Gold set to post weekly gain on uncertain US rate outlook LONDON: Gold inched down on Friday as shares rebounded, but was still set for a second straight weekly gain as concerns over the global economy have raised speculation the US Federal Reserve could keep interest rates low for longer. Spot gold was down 0.1 percent at $1,237.35 an ounce by 1346 GMT.The metal is up about 1.4 percent for the week after reaching a one-month high of $1,249.30 on Wednesday. US gold futures were down ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln