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Gold slides below $1,310/oz as stock markets recover LONDON: Gold slid below $1,310 an ounce on Thursday, retreating from this week's two-month high, as a firmer tone to equities suggested investors were switching back into assets with the potential to offer higher returns.The precious metal rose as high as $1,325.90 an ounce earlier this week on concerns over escalating violence in Iraq, which drove up oil prices, and on uncertainty about the U.S. Federal Reserve's plans to taper monetary stimulus.It has struggled to maintain gains, however, as higher prices curbed physical demand and investors stuck to the sidelines, awaiting a clearer picture for U.S. monetary policy.Spot gold was down 0.8 percent at $1,307.90 an ounce at 1154 GMT, while U.S. gold futures for August delivery were down $13.90 an ounce at $1,308.70."As monetary policy starts to normalise and the search for yield starts to move towards the typical alpha assets like equities, we'd expect to see gold suffer," ...

Copper steadies, Iraq concerns subdue gains LONDON: London copper futures were steady on Wednesday as the market consolidated after hitting three-week highs this week and as violence in Iraq subdued investor sentiment for assets perceived as risky.U.S. data later in the session also kept investors at bay.London Metal Exchange (LME) copper for delivery in three months was $6,887 a tonne by 1020 GMT from a last bid of $6,880 on Tuesday.The contract hit a three-week high of $6,900 on Monday after ...
ICE sugar eases ahead of cane data, arabica dips LONDON: ICE raw sugar futures dipped on Wednesday as traders awaited data expected to reveal a brisk cane crush in centre-south Brazil, while arabica coffee eased and cocoa was little changed.Traders said they expected figures from Brazilian cane group Unica, due at 1600 GMT, to show an ample cane crush due to predominantly dry weather in the world's top sugar producer and exporter in the first half of June.Claudiu Covrig, senior agriculture analyst with Platts ...
Wheat hovers above 4-month low, corn extends losses SYDNEY/LONDON: US wheat futures steadied on Wednesday, digesting losses, with buyers stepping in after prices hit four-month lows.Corn slipped for the third straight session as heavy rains across growing regions in the United States boosted expectations for a bumper crop, while soybeans edged higher.Chicago Board of Trade front-month wheat eased 0.2 percent to $5.70-1/4 a bushel at 1043 GMT, having earlier matched Tuesday's four-month low of $5.70 a bushel. Wheat had shed nearly four percent ...
Gold falls as physical buying lags, investors cash in on 2-month high LONDON: Gold fell on Wednesday as physical buying dried up after the previous session's rally to two-month highs, while a drop in stock markets on the back of renewed fears over Iraq prompted other investors to cash in gains.Spot gold was down 0.3 percent at $1,313.90 an ounce at 1148 GMT, while U.S. gold futures for August delivery were down $6.40 an ounce at $1,314.90.Silver was also down 0.2 percent at $20.83, off the previous ...
LME copper flat as German data offsets growth cues elsewhere LONDON: London copper futures were flat on Tuesday after three days of gains, coming under pressure from renewed signs of economic weakness in Europe but offset by encouraging global growth prospects elsewhere.European stocks, major currencies and bond markets all struggled, weighed down by Germany's Ifo index of business sentiment which fell more than expected in June.Three-month copper on the London Metal Exchange was to $6,883 a tonne by 0915 GMT from $6,885 at the close ...
Gold hits 2-month high as stocks, dollar retreat LONDON: Gold hit a two-month high on Tuesday and silver reached its highest since mid-March as a drop in European shares after soft German economic data and a weaker dollar helped the metal build on last week's gains.Spot gold hit a peak of $1,325.70 and was up 0.5 percent at $1,323.80 an ounce at 1007 GMT, while U.S. gold futures for August delivery were up $6.60 at $1,325. Silver was up 1.3 percent at $21.09 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln