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Gold plumbs another four-year low LONDON: Gold prices dived Wednesday to a fresh four-year low, as demand was dented by the soaring dollar after Republicans cruised to victory in US midterm elections, dealers said.At about 0855 GMT on the London Bullion Market, the precious metal plunged to $1,143.47 per ounce -- which was its lowest level since April 23, 2010. Sister metal silver meanwhile sank to $15.19 per ounce, touching a nadir last seen in February 2010.The US dollar has rallied against major rival currencies since Republicans took control of the Senate from Democrats overnight.The result is a stinging setback for US President Barack Obama and his fellow Democrats for the last two years of his presidency."Last night's win for the Republicans in the US mid-term elections has left Obama as a lame duck president and sent the greenback soaring," said analyst Tony Cross at brokers Trustnet Direct."Because the commodity prices are in dollars, any ...

Copper hits two-week low on China worries, dollar surge LONDON: Copper fell to a two-week low on Wednesday on worries over slowing growth in Europe and China, a surging dollar and weakening oil prices, though losses were kept in check by supply delays in Peru.Service-sector growth in China weakened in October as new business cooled, a private survey showed on Wednesday, just days after other data revealed sluggish factory growth in the world's second-largest economy that could prod Beijing to unveil fresh stimulus measures.Also, ...
Gold, silver tumble to 4-year lows on dollar, shares LONDON: Gold and silver slumped to their lowest since 2010 on Friday as the dollar and stock markets soared following a new round of quantitative easing by the Bank of Japan and US data showing a robust economy. Spot gold slid 2.5 percent to its lowest since July 2010 at $1,168.66 an ounce in earlier trade and was down 2.2 percent at $1,172.50 by 1046 GMT. The metal breached important support levels at $1,200 and ...
Copper rises, set for first monthly gain since July LONDON: Copper rose on Friday, on track for its first monthly gain in three months, as risk appetite improved after the Bank of Japan's surprise move to expand its stimulus programme boosted equity markets. Three-month copper on the London Metal Exchange (LME) rose 0.4 percent to $6,769.25 a tonne by 1116 GMT and is up 1.5 percent so far in October. The Bank of Japan unexpectedly eased monetary policy on Friday in a 5-4 vote, ...
Tunisia gets offers in tender for 142,000 T durum wheat HAMBURG: The lowest offer in the tender from Tunisia's state grains agency on Friday to purchase 142,000 tonnes of durum wheat was $484 a tonne c&f for grain from optional origins including Mexico, European traders said. This was followed by an offer of $499.90 a tonne c&f, but most offers were between $550-$610 a tonne c&f, traders said. No purchase had yet been made and tender results are expected later on Friday, traders said. Copyright ...
London copper steady, set to post small monthly gain SYDNEY: London copper was little changed on Friday as a dollar-rally threatened to extinguish its modest monthly gains, and as traders said further strength in the greenback may erode prices going into November.The US dollar held at four-week highs against a basket of major currencies early on Friday, getting another boost from encouraging growth data a day after the Federal Reserve gave an upbeat assessment on the economy."We have a call for a modest downside ...
Copper slips as dollar rallies on Fed comments and US data LONDON: Copper fell more than 1 percent on Thursday as the dollar rallied on strong US growth data and the Federal Reserve's relatively hawkish tone on monetary policy. Data showing US gross domestic product grew at a better than expected 3.5 percent annual rate in the third quarter, though the pace of growth in business investment, housing and consumer spending slowed. The dollar extended gains made the previous day when the Federal refrained from characterising ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln