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Gold dips ahead of US data, set for best week since February LONDON: Gold eased on Friday as the dollar firmed ahead of a closely watched US payrolls report later, but the metal stayed on track for its best week in 10 months after bouncing back from three-week lows on Monday. Gold's strong rebound, which saw it post its biggest one-day rise in more than a year, brought some buyers back into the market, analysts said, while physical demand also firmed. Spot gold was down 0.1 percent at $1,204 an ounce at 1010 GMT, while US gold futures for December delivery were down $3.50 an ounce at $1,204.20. Prices are up 3.2 percent this week, their biggest rise since February. "There's an element of technical strength in gold and some physical underpinning," Mitsubishi analyst Jonathan Butler said. "(But) the macroeconomics are really what is driving this market." "The essential story of a stronger US dollar and economic recovery in the United States ...

Wheat down as Black Sea supply fears ease PARIS/SYDNEY: US and European wheat futures eased on Friday as immediate fears about crop damage and export restrictions in the Black Sea region faded. A drop in the export competitiveness of US and western European wheat, following a rally to six-month highs earlier this week, also curbed prices. Corn and soybean prices fell after brisk weekly exports fuelled sharp gains a day earlier. The subdued tone on grain markets reflected a shift in attention towards ...
Arabica coffee prices fall as rains expected in Brazil LONDON: Arabica coffee futures on ICE were slightly lower on Friday, with forecasts for rain in key growing regions in Brazil helping to keep the market on the defensive. Raw sugar prices also fell, weighed by a further decline in crude oil, while cocoa futures rose. Key coffee-growing areas in Brazil, including Minas Gerais and Sao Paulo states, are expected to received needed rains by the weekend. Trees have been stressed by dry weather earlier ...
Turkey's November gold imports jump to nearly 47 tonnes ISTANBUL: Turkey's gold imports surged in November to 46.9 tonnes, a massive jump from October when the country imported 6.6 tonnes of gold bullion, data from Bourse Istanbul showed on Friday.The country's gold imports were at 19.3 tonnes in November 2013.Copyright Reuters, 2014 ...
Gold pares losses as ECB statement sparks euro rebound LONDON: Gold pared losses on Thursday as the euro rebounded against the dollar after European Central Bank chief Mario Draghi said the bank would reevaluate the case for more stimulus next year, but remained under pressure ahead of key U.S. data on Friday.Strength in the U.S. currency makes dollar-denominated gold more expensive for holders of other currencies.Investors had been looking for a clear sign from Draghi that the ECB was heading for a move into ...
Arabicas rise after hitting 2-1/2-month low, sugar hits low LONDON: Arabica coffee futures edged up on Thursday after briefly dipping to their lowest since late September, supported by forecasts for rain in top grower Brazil.Raw sugar touched a 2-1/2 month low because of concern over ethanol prices after the oil market's recent plunge, while cocoa inched higher in light chart-based dealings.Rains in Brazil eased pressure on parched coffee trees after this year's drought, but some analysts believe that irreversible damage has already been inlicted ...
Gold eases back towards $1,200/oz ahead of ECB meeting LONDON: Gold retreated on Thursday ahead of a European Central Bank meeting that could lead to further monetary stimulus, after the dollar's rise to two-year highs versus the euro prompted investors to cash in some of the previous day's gains.The metal held onto the $1,200 an ounce level, however, as consumers in Asia continued to buy and on uncertainty ahead of the ECB meeting and the release of U.S. payrolls data on Friday.Spot gold was ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln