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Gold demand falls in Q2 as jewellery, bar sales slide-WGC LONDON: Global gold demand fell in the second quarter, the World Gold Council said on Thursday, as a plunge in jewellery, coin and bar sales from last year's record levels outweighed lower liquidation of gold-backed exchange-traded funds.Demand fell 16 percent in the April to June period to 964 tonnes, with jewellery offtake, the largest single segment of gold demand, down 30 percent, while coin and bar buying tumbled 56 percent.Selling from gold-backed ETFs, which helped balance the market during last year's buying frenzy, eased off to 39.9 tonnes however, from 402.2 tonnes in the second quarter of 2013. Demand for physical gold surged in that period after gold prices slid by nearly a quarter.The last quarter's weakness is likely to set the gold market up for a full-year demand drop, albeit by a smaller degree than seen so far this year, the WGC's managing director for investment, Marcus Grubb, said."Overall, ...

Copper slumps to seven-week low on China economy fears LONDON: Copper fell to a seven-week low on Wednesday, dragged down by disappointing data on top consumer China's property sector which raised concerns about the outlook for the metal used in power and construction.Three-month copper on the London Metal Exchange (LME) fell to a session low of $6,911.75 a tonne, its weakest level since June 26. It later rebounded slightly to trade down 0.7 percent at $6,917 a tonne in official rings.China's economy showed further ...
Gold prices rise after US retail sales data LONDON: Gold rose on Wednesday after soft retail sales implied some loss of momentum in the U.S. economy, putting pressure on the dollar and curbing speculation that the Federal Reserve may raise interest rates sooner than expected.The metal remained in a narrow range, however, as signs that tensions in Ukraine and Iraq may be easing underpinned stock markets in Europe and the United States.Spot gold was up 0.2 percent at $1,311.56 an ounce at 1421 ...
Copper slips to seven-week low on China economy fears LONDON: Copper fell to a seven-week low on Wednesday, dragged down by disappointing data on top consumer China's property sector which raised concerns about the outlook for the metal used in power and construction.Three-month copper on the London Metal Exchange (LME) fell to a session low of $6,911.75 a tonne, its weakest level since June 26. It later rebounded to trade down 0.5 percent at $6,930.25 a tonne at 0922 GMT.China's economy showed further signs ...
Gold above $1,300 on Ukraine worries; firmer shares, dollar weigh LONDON: Gold was supported above $1,300 an ounce on Wednesday, as investors remained cautious after downbeat data from China and as the crisis in Ukraine threatened a fragile economic recovery in Europe, but a firmer dollar and equities weighed.Spot gold was up 0.1 percent at $1,309.60 an ounce by 0947 GMT, but still well below a three-week high of $1,322.60 hit on Friday.U.S. gold futures for December delivery were unchanged at $1,310.70."It seems that the ...
Sugar hits 5-1/2-month low, cocoa near 3-year high LONDON: ICE raw sugar futures hit a fresh 5-1/2-month low on Wednesday, pressured by high yields in Brazil, while cocoa hovered near three-year highs, bolstered by a strong demand outlook.Coffee futures on ICE Futures U.S. firmed in light volumes, with dealers focused on the extent of drought damage to crops in top grower Brazil.Brazilian cane mills said on Tuesday that rain cut sugar output in the second half of July. But futures markets, focused on ...
Gold firms as Ukraine jitters, soft data hurt stocks LONDON: Gold firmed on Tuesday as equities fell on fears that a Russian aid convoy heading to Ukraine could stoke tensions between Kiev and Moscow, and on signs that the stand-off was hurting confidence in the euro zone economy.Anxieties over the Ukraine crisis and how this might impact future business hit economic sentiment in Germany, the ZEW think tank said on Tuesday, as it reported a fall in investor morale to its lowest level since ...

 



 
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