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Gold recovers from 4-1/2 year low ahead of US jobs data LONDON: Gold prices edged higher on Friday, recovering from a sudden early slide to 4-1/2 year lows, as traders took to the sidelines ahead of US non-farm payrolls data later. Gold is set to fall for a third straight week, having struck its weakest since early 2010 on Friday at $1,131.85 an ounce, after the dollar rallied on economic optimism and expectations the Federal Reserve could raise rates sooner rather than later. A payrolls reading supporting that view would likely drive gold lower still, traders said, while a weak report on what is a key barometer of the health of the world's largest economy would trigger a strong rally after this week's losses. Spot gold was up 0.3 percent at $1,144.09 an ounce at 1010 GMT, while US gold futures for December delivery were up $1 an ounce at $1,143.60. After subdued trading early on, US gold futures slid 1 ...

Gold edges off four-year low as dollar eases LONDON: Gold edged higher on Thursday as a retreat in the dollar took some pressure off the precious metal after its slump to four-year lows, but prices remained rangebound ahead of a European Central Bank meeting later in the day.A surge in the dollar, in which gold is priced, knocked the metal in recent days through key chart support at $1,180 an ounce - the lowest level hit during last year's 28 percent plunge - ...
Copper, aluminium slip on worries about China growth, dollar LONDON: Copper and aluminium dipped on Thursday on continued worries about economic growth in top metals consumer China and ahead of U.S. data that could give another boost to the dollar.China's central bank warned that the world's second biggest economy is expected to face stronger headwinds in the coming months while upcoming data is likely to show a persistent cool down, according to Reuters polls.Investors were also concerned that a slight dip in the dollar ...
Gold rout sends price to 4-year low, $1,000/oz exposed LONDON: Gold sank 2.4 percent on Wednesday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as a surging dollar and stronger share prices weakened the investment case for non-yielding bullion.Silver's fall was even sharper, hitting its weakest since February 2010 at just above $15 an ounce.Spot gold skidded to its lowest since April 2010 at $1,137.40 an ounce and was trading down 2.4 percent at $1,140.40 by 1300 GMT.Technical ...
ICE raw sugar sets fresh one-month low on strong dollar LONDON: Raw sugar futures on ICE slid to a fresh one-month low on Wednesday as the dollar strengthened further, while arabica coffee drifted towards a one-month low set during the previous session.Dealers said sluggish offtake in the physical sugar market had also been a factor in recent price weakness, while noting the market may ultimately derive support from a potentially tighter supply balance in the 2014/15 season."It (the decline in sugar prices) has largely been ...
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 ...
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, ...

 



 
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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