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Gold falls on strong dollar, heads for 4th week of losses LONDON: Gold dropped on Friday, heading for its fourth weekly loss in a row, as investors remained wary that a strong dollar and rebounding shares could drive prices through an important support level at $1,200 an ounce. Spot gold was down 0.7 percent at $1,214.95 an ounce by 1431 GMT, while US gold futures lost $7.40 to $1,214.50 an ounce. The metal fell to a nine-month low of $1,206.85 on Thursday, before rebounding due to a sharp selloff in US equities, which prompted investors to seek refuge in perceived safer assets such as bullion. "Today we are seeing the dollar and stock markets pressuring precious metals," MKS SA senior vice president Bernard Sin said. "The market is getting a little bit nervous because we are floating just above this psychological level of $1,200 and it is important that we don't close below it today because a lot of stop losses ...

ICO sees coffee market in deficit this season and next LONDON: Global coffee production is expected to fall short of demand in both this crop year and next, the International Coffee Organization's head of operations said on Friday.Mauricio Galindo told a news conference that the ICO expected a deficit in arabica coffee of some 4 to 5 million 60-kg bags in the current season to March 2015. A drought in Brazil earlier this year has eroded production prospects in the world's top producer, and stock ...
Gold set to snap 3-week losing streak, dollar weighs LONDON: Gold edged up on Friday, looking set to snap a three-week losing streak, as equity markets slipped, but investors remained wary that a strong dollar could drive prices down again to break an important support level of $1,200 an ounce. Spot gold was up 0.1 percent at $1,223.10 an ounce by 0959 GMT and on track for a 0.6 percent weekly gain. US gold futures gained $1.50 to $1,223.50 an ounce. The metal fell ...
Copper up but eyes weekly loss on expected supply surge LONDON: Copper rose on Friday on near term supply tightness, but remained near recent three-month lows on worries over an expected supply surge and weak demand from top consumer China. Indicating tight near term supply, cash copper traded at a premium of $46 a tonne to the three month price - not far off a recent high of $53 a tonne, which was the widest spread since June. For the first six months of the ...
Wheat falls on improving supply outlook, soy also lower LONDON: Chicago wheat prices fell on Friday towards more than four-year lows set the previous day, with the prospect of a record global crop this season keeping markets on the defensive. Soybeans prices also weakened for a second day while corn was largely unchanged near its lowest in four years as dry weather across the US Midwest gave farmers an opportunity to accelerate the pace of harvest. December wheat on the Chicago Board of Trade ...
Copper, base metals retreat on stronger dollar LONDON: Copper and base metals stumbled on Thursday, and some analysts expected more losses, partly because of a strong dollar and worries that weak global growth will curb demand.The dollar climbed to a fresh four-year high against a basket of currencies, while the euro fell to its lowest since November 2012.A buoyant dollar makes commodities priced in the U.S. currency more expensive to buyers outside the United States."I see more downside and it's not just ...
Gold drops to 9-month low as dollar hits 4-year peak LONDON: Gold prices fell to a nine-month low on Thursday and other precious metals slid as the dollar rose to four-year highs against a basket of currencies and stock markets strengthened.Platinum fell to its lowest since June last year, sliding below $1,300 an ounce, and silver and palladium also tumbled.Spot gold hit a low of $1,206.85 an ounce, its weakest since Jan. 2, and was down 0.5 percent at $1,210.30 an ounce at 1001 GMT. ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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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