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Gold down as Putin comments help shares; soft data, dollar limit losses LONDON: Gold edged lower on Thursday, reacting to a tentative rebound in European shares after Russian President Vladimir Putin's comment on the Ukraine conflict, but a weaker dollar and sluggish US and European economic data limited losses. Spot gold was down 0.2 percent at $1,309.80 an ounce by 1155 GMT, while US gold futures for December delivery were down $3.20 an ounce at $1,311.30. "Geopolitics, a weaker dollar and softer economic data are all supportive but prices are not able to break consistently out on the upside, with $1,316-$1,320 proving a very stiff barrier that we have tested a few times in the past month or so," Societe Generale analyst Robin Bhar said. European stocks inched higher after Putin said Russians did not need conflict with the outside world.But economic data showed the German economy suffered a surprise contraction, its first in more than a year, in the second quarter, ...

Copper slips to 7-week lows as European economies stumble LONDON: Copper fell to its lowest level since late June on Thursday on concerns about demand for the industrial metal after data showing Europe's biggest economy shrank in the second quarter and the Chinese property sector cooled.Germany's economy contracted by 0.2 percent on the quarter, undercutting Bundesbank forecasts. France fared little better, flatlining for the second successive quarter. With so much uncertainty surrounding Russia and Ukraine, a quick rebound is unlikely.Three-month copper on the London ...
Gold edges up on soft economic data, weaker dollar LONDON: Gold edged higher on Thursday as the dollar weakened and sluggish U.S. and European economic data prompted investors to switch positions from riskier assets such as equities to safer bets.Spot gold rose 0.2 percent to $1,315.20 an ounce by 1003 GMT, while U.S. gold futures for December delivery were up $2.10 an ounce at $1,316.60."Geopolitics, weaker dollar and softer economic data are all supportive but prices are not able to break consistently out on ...
London copper slips to 7-week lows on China worries SYDNEY: London copper fell to its lowest since late June on Thursday after growth in China's huge property sector showed signs of cooling, while worries persisted that geopolitical tensions would dampen Europe's recovery.China's economy showed further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed to keep growth on track as a property downturn worsens.The property sector accounts for most of China's copper demand, in ...
Gold demand falls in Q2 as jewellery, bar sales slide-WGC LONDON: Global gold demand fell in the second quarter, the World Gold Council said on Thursday, as a plunge in jewellery, coin and bar sales from last year's record levels outweighed lower liquidation of gold-backed exchange-traded funds.Demand fell 16 percent in the April to June period to 964 tonnes, with jewellery offtake, the largest single segment of gold demand, down 30 percent, while coin and bar buying tumbled 56 percent.Selling from gold-backed ETFs, which helped ...
Copper slumps to seven-week low on China economy fears LONDON: Copper fell to a seven-week low on Wednesday, dragged down by disappointing data on top consumer China's property sector which raised concerns about the outlook for the metal used in power and construction.Three-month copper on the London Metal Exchange (LME) fell to a session low of $6,911.75 a tonne, its weakest level since June 26. It later rebounded slightly to trade down 0.7 percent at $6,917 a tonne in official rings.China's economy showed further ...
Gold prices rise after US retail sales data LONDON: Gold rose on Wednesday after soft retail sales implied some loss of momentum in the U.S. economy, putting pressure on the dollar and curbing speculation that the Federal Reserve may raise interest rates sooner than expected.The metal remained in a narrow range, however, as signs that tensions in Ukraine and Iraq may be easing underpinned stock markets in Europe and the United States.Spot gold was up 0.2 percent at $1,311.56 an ounce at 1421 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln