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Gold hits 2-month low as dollar gets boost from hawkish Fed LONDON: Gold slid to its lowest in two months on Thursday, extending losses to a fifth session as the dollar strengthened on indications from the U.S. Federal Reserve that it could raise interest rates sooner than expected.Policymakers debated on whether interest rates should be raised earlier given a surprisingly strong jobs market recovery, minutes from the July meeting of the Fed's rate setting committee showed. Most officials, however, wanted further evidence before changing their view on when rates should be lifted.Higher interest rates would dull the appeal of non-interest-bearing assets such as gold.Spot gold fell as much as 1.2 percent to its lowest since June 19 at $1,276.90 an ounce. It was trading down 0.9 percent at $1,280.30 by 0952 GMT.U.S. gold futures dropped as much as 1.6 percent to $1,274.90, also a two-month low."Gold was already on the defensive before the minutes as the tensions in Ukraine were easing ...

Sugar edges up from 6-month low, cocoa steady LONDON: Sugar futures edged up from a six-month low in choppy trade on Wednesday, in a technical recovery after being pressured by soft demand on the cash market and growing stocks at the peak of the Brazilian harvest.ICE cocoa steadied after its biggest tumble in 3-1/2 months on Tuesday, while coffee on ICE and Liffe was little changed.A strong dollar, which hit its highest in nearly a year against a currency basket on growing optimism ...
Gold retreats as upbeat US data lifts dollar LONDON: Gold prices extended a three-day losing streak on Wednesday, as demand stagnated and the dollar hit its highest in nearly a year against a currency basket on growing optimism over the U.S. economy.Buying in China, the world's number one gold consumer, remains weak, dealers said, though concern over violence in Ukraine and the Middle East has fuelled some interest in the metal as a store of value.Spot gold fell 0.1 percent to $1,294.15 an ...
Copper rises on robust US housing data, China buying LONDON: Copper rose on Wednesday in response to robust U.S. housing data overnight and buyers in top metals consumer China taking advantage of low prices to build stocks.Housing starts in the United States surged to an eight-month high in July, suggesting that a housing market recovery was back on track after stalling in the second half of last year.Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ...
Copper steady as upbeat US economic data offsets China concerns LONDON: Copper prices steadied on Tuesday as encouraging signs from the U.S. economy offset concerns about top consumer China's struggling property sector and the outlook for industrial metals demand.Three-month copper on the London Metal Exchange (LME) traded at $6,905 a tonne in official rings, flat from Monday's close.U.S. homebuilding stocks rose on Monday, boosted by data that showed homebuilder sentiment rose in August to its highest level since January.In contrast, China's new home prices fell ...
Corn, wheat ease for second day on supply pressure SINGAPORE/PARIS: Chicago corn futures dropped for a second session on Tuesday as findings from a widely-watched crop tour renewed expectations of a near-record US harvest, while wheat fell on easing concerns over Black Sea supplies.Soybeans edged lower, giving up some of the last session's gains after a US Department of Agriculture weekly report showed a slight improvement in crop ratings.Chicago Board of Trade December corn had fallen 0.8 percent to $3.68-1/2 a bushel by 1126 ...
Sugar slips to 6-month low as stocks build, coffee eases LONDON: ICE raw sugar futures sank to a fresh six-month low on Tuesday, as slow demand on the physical market and building world stocks weighed on prices.Coffee was also lower, while cocoa prices traded below the previous session's more than 3-year high.The strengthening U.S. dollar against a basket of currencies was bearish for dollar-priced commodities.In raw sugar, benchmark ICE October futures were down 0.07 cent or 0.5 percent to 15.61 cents at 1405 GMT, having ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln