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Copper, aluminium bounce, but vulnerable to more losses LONDON: Copper and aluminium bounced on Friday, a day after touching new multi-month lows, but more losses were likely as investors remained worried about a strong dollar and weaker demand in top metals consumer China. "There's a bit of stabilisation today, but I don't think it necessarily marks a turning point back up," said Stephen Briggs, metals strategist at BNP Paribas in London. Three-month copper on the London Metal Exchange added 0.64 percent to $6,642 a tonne by 1000 GMT, after shedding 1.2 percent in the previous session when it plumbed a five-month low of $6,600. Prices, which are down nearly 10 percent so far this year, were on track to close down about 1 percent for the week. Copper has been hit by a combination of weaker growth in Europe and China, a buoyant dollar and prospects for a surge of supply. Investors had mixed news from the euro ...

Gold languishes, platinum hits 5-year low as dollar extends gains LONDON: Gold held near 9-month lows on Wednesday, weighed down by broad-based strength in the dollar on growing expectations that the U.S. Federal Reserve is set to tighten monetary policy before other major central banks.Other precious metals also languished, with platinum the biggest faller, sliding to a five-year low at $1,256.30 an ounce early in the session.Spot gold was at $1,209.71 an ounce at 1142 GMT, little changed from late Tuesday, after earlier slipping to ...
Sugar eases after contract expiry, cocoa falls LONDON: ICE raw sugar futures eased on Wednesday after a contract expiry seen as a bearish signal for the global market, while cocoa fell in a technical correction from near a 3-1/2-year high.Arabica coffee futures rose, underpinned by concerns over potential damage to 2015/16 crops in Brazil due to drought.ICE raw sugar futures fell after traders said they expected Bunge to be sole buyer of 528,655 tonnes of raw sugar from Brazil, Thailand and Central ...
Copper rebounds off 3-1/2 month low, demand in focus LONDON: Copper prices rebounded slightly from 3-1/2 month lows on Wednesday, but remained vulnerable to a strong dollar and concerns about lacklustre demand from top consumer China as the its property sector cools.Benchmark copper on the London Metal Exchange (LME) traded at $6,712 a tonne in official rings, up 0.7 percent, having earlier fallen to its lowest level since June 13 at $6,637 in intraday trade.Offering some relief to metals prices, the euro recouped some ...
Copper slides towards biggest monthly fall since March LONDON: Copper was on track for its biggest monthly loss since March on Tuesday, weighed down by a strong dollar, renewed signs of rising global supply and concerns about slack demand from China.The dollar hit a two-year high against the euro after euro zone inflation slowed to 0.3 percent in September, further into the European Central Bank's "danger zone" of below 1 percent.A strong dollar makes dollar-priced metals costlier for non-US investors.Three-month copper on the ...
Copper slips after dollar rally, weak Chinese data LONDON: Copper slipped on Tuesday, on track for its steepest monthly loss since March, weighed down by a strong dollar and renewed signs of rising global supply and slack demand from China, where a factory survey was revised down slightly.The dollar reached a two-year high against the euro after euro zone annual inflation came in at just 0.3 percent in September, within the European Central Bank's "danger zone" of below 1 percent.A strong dollar makes ...
Gold set for first quarterly loss this year on dollar strength LONDON: Gold fell on Tuesday, as the dollar and European stocks climbed, with the metal set to post its sharpest monthly loss since June 2013 and the first quarterly loss this year on expectations of further gains in the U.S. currency.Gold is down about 5.5 percent for the month and not far from a nine-month low of $1,206.85 hit last week. It was headed for a quarterly drop of nine percent.Spot gold was down 0.5 ...

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln