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Gold demand rises on lower prices: industry LONDON: Global gold demand rose in the third quarter, led by a surge in US buying, as investors took advantage of a slump in prices, the World Gold Council said Thursday.Total gold demand stood at 1,121 tonnes in the July-September period, an increase of 8.0 percent compared with the third quarter of 2014, the London-based WGC said in its quarterly update."China and India remain the dominant figures in the global gold market, accounting for close to 45 percent of total demand," said Alistair Hewitt, head of market intelligence at the industry body."But what was particularly noticeable this quarter is that the consumer response to the price dip was a truly global occurrence," he added. Hewitt said the United States "saw the most dramatic growth" in demand for gold bars and coins in the reporting period."Global jewellery demand also picked up (by 6.0 percent), in what is traditionally a quiet time ...

Gold edges off 3-month low, awaiting guidance from Fed LONDON: Gold edged off the previous session's one-month low on Thursday but remained depressed, awaiting more clarity on the outlook for US monetary policy from Federal Reserve officials speaking later in the day.Spot gold was up 0.2 percent at $1,087.50 an ounce at 1048 GMT, while US gold futures for December delivery were up $2.20 an ounce at $1,087.10. The metal has shed nearly 5 percent of its value since the start of November, when ...
Copper slides to 2-1/2 month low on strong dollar, China fears LONDON: Copper prices slid to a 2-1/2 month low on Thursday, weighed down by a strong dollar, weak Chinese credit data and concern about oversupply after inventories rose. Copper was heading for its fifth losing session out of six, hurt by a rise in the dollar index after the head of the European Central Bank underscored the bank's readiness to extend money printing. A firmer dollar dampens demand for metals priced in the US currency, ...
London cocoa holds just below 4-month high, sugar climbs LONDON: Cocoa futures in London consolidated on Wednesday just below the prior session's four-month high as the market waited to see the extent to which recent rains in Ivory Coast had improved the outlook for crops in the world's top grower.Raw sugar futures extended their steep gains, boosted partly by a diminished outlook for Brazilian production, while coffee futures were little changed.Dealers said the cocoa market's run-up had been fuelled by concerns that dry weather ...
Zinc and lead hit multi-year lows on China data LONDON: Zinc and lead recovered from multi-year lows on Wednesday and copper steadied, having earlier veered towards a six-year trough after a gauge of top metals consumer China's factory health showed ongoing weakness in the world's top metals consumer.China's October factory output growth cooled to 5.6 percent, slightly lower than a Reuters poll forecast, though the figure was cushioned by a just-above-forecast 11 percent jump in retail sales.The data hit metals hard, but they recovered ...
EU wheat prices edge up, Egypt result awaited LONDON: European wheat futures edged up on Wednesday as dealers waited to see if France would win any business in an Egyptian tender with results expected later in the day.The lowest offer in Egyptian state buyer GASC's wheat purchase tender which closed on Wednesday was for French wheat, traders said.Egypt had bought wheat from Russia and Ukraine at a tender on Tuesday, rejecting offers of French supplies.Benchmark December on Paris-based Euronext milling wheat futures settled ...
Gold edges towards 3-month low on US rate view LONDON: Gold edged towards a three-month low on Wednesday, failing to benefit from a lower dollar, as pressure from an anticipated US rate hike as soon as next month persisted. Spot gold was unchanged on the day at $1,089.08 an ounce by 1102 GMT. Increasing bets the US Federal Reserve would raise interest rates in December for the first time in nearly a decade sent bullion, a non-interest-paying asset, to $1,084.90 an ounce on Friday, ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
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WeeklyNovember 23, 2015
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