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Gold falls on stronger dollar LONDON: Gold dropped on Tuesday after the outflow from the biggest gold exchange-traded fund (ETF) accelerated, indicating investors' weakening confidence in the precious metal, and as a stronger dollar put pressure on prices. The metal retreated from the previous session's one-week high as investors were nervous about holding onto positions for any length of time, traders said. Ardent gold bulls were caught out last Monday when gold posted its biggest-ever daily loss in dollar terms. Gold fell 1.1 percent to a session low of $1,409.54 an ounce early in the day and was down 0.8 percent at $1,414.41 by 1043 GMT. Gold has dropped around 15 percent this year. US gold futures for June delivery also fell 0.5 percent to $1,413.60."Gold is lower as well as other commodities including crude oil and base metals, which fell after weaker-than-expected economic data out of China and Europe, which gave a boost to ...

European vegoils ease more on good US weather ROTTERDAM: The European vegetable oils market continued to ease on Monday following improved weather in the US coupled with slack demand which pressured the CBOT soycomplex."The weaker levels caused some bargain hunting on the European cash market but buyers were generally cautious because a gloomy global economic outlook and concerns for renewed growth of still huge palm oil stocks could pressure prices further," one broker said.At 1630 GMT CBOT soyoil futures were between 0.70 and ...
NY cotton ekes out gains as traders cover shorts NEW YORK: ICE cotton futures eked out gains on Monday as traders covered short positions and snapped up fiber after last week's drop to six-week lows.The most-active July futures contract on ICE Futures US settled 0.93 percent higher at 86.15 cents per lb. While the gains brought an end to two days of losses, prices were still languishing close to six-week lows around 85 cents hit last week."We've been testing (85 cents) for about a ...
Brent back above $100 in cautious market, gold up too NEW YORK: Brent crude oil returned to above $100 a barrel on Monday and gold rallied its most since last week's historic drop but copper remained below a level critical to market bulls, underscoring the economic uncertainty hanging over commodities.Grains from corn to wheat and soybeans all fell roughly 1 percent each on forecasts for better crop weather across a broad swath of the soggy US crop belt.Among other crops, cocoa retreated from a four-month ...
Copper falls under $7,000 on growth, supply concerns LONDON: Copper fell more than 1 percent on Monday, staying close to 1-1/2 year lows amid disappointing global growth and higher supply prospects.The fall in copper came despite gains in oil, gold and global equities, all of which suffered heavy losses last week after surprisingly weak Chinese growth data, and poor US jobless claims."There's pressure because of a slowdown in growth, and there has been a focus on copper because it has been trading at ...
Gold rises as buyers swoop, gains may be short-lived LONDON: Gold rose more than 2 percent on Monday, supported by strong physical buying after a fall last week to a two-year low, but investors reduced holdings of bullion in the top exchange-traded fund to the lowest in nearly three years.The technical outlook for gold, which has plunged more than 15 percent so far this year, has yet to improve despite the physical buying in Asia and elsewhere.Spot gold rose more than 2 percent to ...
EU wheat prices down on weak US prices, improving EU weather PARIS: European wheat prices edged lower in thin trade on Monday, mostly pressured by weak US prices and by improving weather conditions in Europe, which were expected to boost crop development.A revival of Russian Black Sea wheat exports was also pressuring prices, traders said.Old crop May on the Paris-based milling wheat futures market was off 0.2 percent at 245.00 euros ($320) by 1118 GMT, while new crop November was down 0.8 percent at 212.75 euros ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln