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Gold poised for second quarterly gain, US data in focus LONDON: Gold steadied near a two-month high on Monday, as the dollar remained under pressure ahead of a week packed with economic data. The metal looked set for a second straight quarterly gain after world political tensions bolstered demand for the metal.Investors were awaiting U.S. jobs data and the European Central Bank (ECB) meeting later this week for clues on future monetary stimulus strategy before placing any big bets.This week's busy calendar of data in the United States includes the June non-farm payrolls report on Thursday, a day earlier than usual due to the July 4 Independence Day holiday."There is a lot of U.S. data this week......a strong number from the nonfarm payrolls on Thursday should lift the dollar and U.S. yields higher, suggesting a bit more headwind for gold," Societe Generale analyst Robin Bhar said."The geopolitical factor is one that it's not easy to predict and that could keep ...

Iraq issues new tender to buy minimum 30,000 tonnes rice HAMBURG: Iraq's state grains buyer has issued an international tender to buy at least 30,000 tonnes of rice, European traders said on Monday. The closing date for the tender is July 6 and offers must be valid until July 10. Copyright Reuters, 2014 ...
Gold edges lower on steady equities, flat dollar limits downside LONDON: Gold edged lower on Friday, holding below a two-month high hit earlier in the week as European equities inched up, but a flat dollar after weak US data limited the downside. US consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth. Spot gold was down 0.2 percent at $1,314.80 an ounce by 1015 GMT. It hit its highest since mid-April at $1,325.90 on Tuesday. US gold futures ...
London copper hits 3-1/2 month high on China hopes, tighter supply LONDON: Copper hit its highest in 3-1/2 months and was headed for a second straight weekly gain on Friday spurred by hopes that an improved outlook for the world's No. 2 economy may strengthen demand just as supply side dynamics are tightening. Chinese importers are turning to purchases of refined copper for near-term delivery to Shanghai as banks tighten credit for buying from bonded stocks following a suspected metal financing scam at China's Qingdao port, ...
Cocoa bounces, sugar eases before expiry LONDON: ICE cocoa futures rose in a technical bounce on Friday and approached a near three-year peak, while raw sugar eased with dealers expecting a small delivery against expiry of the July contract on Monday.ICE arabica coffee futures were little changed, with sentiment driven by uncertainty over the extent of damage to crops in Brazil due to drought earlier in the year. Cocoa futures on ICE jumped in a technical bounce in light volume after ...
Soybeans and corn drop ahead of USDA reports HAMBURG/SYDNEY: US soybean futures fell on Friday in a risk-off mood before the release of crucial estimates of grain inventories and sowings by the United States Department of Agriculture (USDA), with concerns inventory numbers could be larger than expected.USDA is scheduled to give its forecasts of quarterly US grain stocks and US corn, soybean and wheat plantings on Monday.Corn also dropped, poised to finish the week down 2.5 percent. Wheat was firmer after also rising ...
Gold pares losses as economic data pressures US yields LONDON: Gold pared losses on Thursday after U.S. data put pressure on Treasury yields, though it remained below this week's two-month high as a firmer tone to equities suggested investors were switching back into assets offering a better return.The precious metal rose to a peak of $1,325.90 an ounce earlier this week on concerns over escalating violence in Iraq, which drove up oil prices, and on uncertainty about the U.S. Federal Reserve's plans to taper ...

 



 
Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln