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Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data on Friday helped take the shine off that recovery, but gold's subsequent move lower proved temporary.Spot gold was up 0.3 percent at $1,241.31 an ounce at 1015 GMT, while US gold futures for April delivery were up $2.90 an ounce at $1,241.90."It's very much what's happening in the European equity markets, what's happening with the dollar, that's driving gold," Mitsubishi analyst Jonathan Butler said."Maybe there's a re-rating of risk appetite going on... the prospect of ...

LME to offer more electronic liquidity on monthly dates LONDON: The London Metal Exchange (LME) plans to offer more liquidity on on its electronic platform to attract more investment from speculators and funds, a top official said on Monday.The world's biggest and oldest industrial metals market will soon release proposals about adding liquidity on the so-called "Third Wednesday" contract expiration dates, Matthew Chamberlain, head of business development, told a seminar at the start of LME Week."We will shortly be going out to the market ...
Corn prices edge higher, plentiful supply limits upside LONDON: Chicago corn futures crept higher on Friday, boosted by delays to the US harvest, but the run-up in prices earlier in the week appeared to be losing momentum and soybeans were lower. Wheat futures edged up with prices in the European Union supported by the current strong pace of exports. December corn on the Chicago Board of Trade rose 0.1 percent to $3.52-1/2 a bushel by 1139 GMT. The front month hit a six-week ...
Copper, base metals rebound but still vulnerable LONDON: Industrial metals rebounded on Friday, taking a pause after heavy losses this week, but analysts cautioned that markets were still on edge and vulnerable to deeper losses. Copper was the weakest metal, bouncing slightly after hitting six-month lows on concern about a surge of mine supply swamping the market. The rise in other metals was stronger, along with other global financial markets, following signs of strength in the US economy and reassuring words from ...
Gold set to post weekly gain on uncertain US rate outlook LONDON: Gold inched down on Friday as shares rebounded, but was still set for a second straight weekly gain as concerns over the global economy have raised speculation the US Federal Reserve could keep interest rates low for longer. Spot gold was down 0.1 percent at $1,237.35 an ounce by 1346 GMT.The metal is up about 1.4 percent for the week after reaching a one-month high of $1,249.30 on Wednesday. US gold futures were down ...
Cocoa rises after strong N. American grind, sugar dips LONDON: Cocoa futures on ICE rose on Friday after stronger than expected North American grind data, and on worries Ebola could disrupt supplies from West Africa, while sugar eased due to a huge overhang of supplies.Arabica coffee on ICE fell in technically driven dealings, correcting after the previous session's gains, with attention focused on weather risks to Brazil's 2015/16 output after a prolonged dry spell.December cocoa on ICE was up $24, or 0.8 percent, at ...
Gold steadies, supported by global slowdown concerns LONDON: Gold steadied on Thursday to trade near its highest in more than a month as shares weakened on worries over the strength of the global economy, sending investors in search of assets perceived as safer, while a firm dollar kept prices in check.Spot gold was down 0.1 percent at $1,239.45 an ounce by 1423 GMT. The metal rose to its highest since Sept. 11 at $1,249.30 in the previous session.U.S. gold futures, which also ...

 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
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Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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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