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Gold down on stronger dollar; palladium holds near 13-year high LONDON: Gold moved lower on Tuesday on buoyant global equities and as the dollar strengthened after upbeat U.S. data, while the market continued to monitor international political tensions.Palladium steadied near a 13-year high of $900 an ounce hit in the previous session, supported by worries about supplies from top producer Russia and strong demand prospects. Prices were unchanged at $888.75 an ounce by 1440 GMT."It is mostly the demand side, with record-high car sales from China, while supply comes from South Africa and Russia, where there are continued disruptions... this makes it the perfect candidate for funds to step in," Saxo Bank senio manager Ole Hansen said.Spot gold, higher initially, fell 0.1 percent to $1,296.50 an ounce. The metal traded in a small $8 an ounce range, indicating low volumes.U.S. gold futures for December delivery were down 0.2 percent at $1,297.50 an ounce."Gold obviously didn't like the U.S. CPI and ...

Gold ticks up but shares, dollar cap gains; palladium near 13-year high LONDON: Gold snapped a two-day losing streak on Tuesday as the market continued to monitor international political tensions, but gains were kept in check by a steadier dollar and buoyant equities after upbeat U.S. data.Palladium steadied near a 13-year high of $900 an ounce hit in the previous session, supported by worries over supplies from top producer Russia and strong demand prospects. Prices were up 0.3 percent at $891.50."The palladium market is likely to pause ...
Copper steady as US economic health 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 $6,910.75 a tonne at 1019 GMT, up 0.1 percent 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 ...
Gold lower on strong shares, dollar keeps it around $1,300/oz LONDON: Gold edged lower on Monday as European shares rebounded on easing tensions in Ukraine, but a flat dollar and depressed U.S. Treasury yields limited losses and kept the metal's prices around the $1,300 mark.Russia's foreign ministry said on Monday "certain progress" was achieved during talks between Russia, Germany, France and Ukraine in Berlin on Sunday about ways to end the military conflict in eastern Ukraine.Spot gold fell 0.3 percent to $1,300.00 by 1158 GMT, ...
Copper rises, but China property downturn caps gains LONDON: London copper edged higher on Monday as some investors regarded recent losses as overdone, but gains were capped after new home prices in top metal consumer China fell in July for the third month in a row.Three-month copper on the London Metal Exchange was up 0.1 percent at $6,877.50 a tonne by 1340 GMT, after shedding over 4 percent so far this month.The price fell by 1.8 percent last week, touching $6,821 on Thursday, ...
Copper flat near 2-month low as China property downturn drags LONDON: London copper steadied on Monday, but remained under pressure near two-month lows after new home prices in top metal consumer China fell in July for the third month in a row.Price falls in new homes also spread to a record number of Chinese cities including Beijing, underlining a worsening property downturn that is increasingly dragging on the broader economy.China accounts for more than 40 percent of demand for copper, which is widely used in ...
Gold lower on strong shares, dollar keeps it over $1,300/oz LONDON: Gold edged lower on Monday as European shares rebounded on easing tensions in Ukraine, but a flat dollar and depressed U.S. Treasury yields limited losses and kept the metal's prices above the $1,300 mark.Russia's Foreign Ministry said on Monday "certain progress" was achieved during talks between Russia, Germany, France and Ukraine in Berlin on Sunday about ways to end the military conflict in eastern Ukraine.Spot gold fell 0.1 percent to $1,303.29 by 0953 GMT, ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln