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Gold hits 6-week lows, poised for second weekly loss LONDON: Gold fell briefly to fresh six-week lows under $1,300 an ounce on Friday, on track for a second straight weekly decline as an improving US economic outlook lifted the dollar and bolstered appetite for risk. Bullion has dropped about $100 an ounce from a six-month high in the last nine trading sessions on declining geopolitical tensions, strong US economic data and comments by Federal Reserve Chair Janet Yellen that interest rates could rise in the first half of 2015.Low interest rates, which cut the opportunity cost of holding non-yielding bullion above other assets, had been an important factor driving bullion higher in recent years. Spot gold fell to its lowest since Feb. 12 at $1,285.36 an ounce in earlier dealing before regaining some strength to trade up 0.3 percent at $1,294.91 by 1448 GMT. Bullion was headed for a 3 percent weekly fall. Gold futures for April delivery were ...

Gold slides back to $1,300/oz as US data lifts dollar LONDON: Gold fell nearly 1 percent to a five-week low on Wednesday as the dollar firmed, equity markets strengthened and the US economy showed signs of recovery, while support from physical buying also was lacking.Spot gold was down 0.6 percent at $1,302.60 an ounce by 1508 GMT, having fallen to $1,300.09 in earlier trade, its lowest since mid-February. US gold futures were down $7.80 an ounce at $1,303.60.Prices touched a six-month high of $1,391.76 early ...
Copper falls after sharp gains, China stimulus hopes persist LONDON: Copper retreated on Wednesday, after prices hit a two-week high in the previous session, but the outlook for metals demand remained supported by prospects that China will stimulate its economy.A broad-based retreat on the London Metal Exchange (LME) also saw nickel give up more of its recent gains as a large short position emerged.Keeping prices soft, the dollar rose against a basket of currencies. A strong dollar makes commodities priced in the U.S. unit ...
Britain raises forecast for wheat, maize imports LONDON: Britain raised its forecast on Wednesday for wheat and maize imports in 2013/14 (July/June) to reflect the faster-than-expected pace during the first few months of the season.Wheat imports were expected reach 1.80 million tonnes, up from a previous forecast of 1.63 million, according to official government supply and demand projections prepared by the Home-Grown Cereals Authority.Imports surged in the early months of this season as millers looked overseas for supplies as Britain harvested its ...
Commodity prices rocked by Ukraine fears, Fed outlook LONDON: Commodities faced choppy trade this week, with gold torn between concerns over the Ukraine crisis and the prospect of a US interest rate hike in mid-2015.Gold forged a six-month pinnacle as investors sought a safe haven from the growing Ukraine fears, before pulling lower as the dollar strengthened.Elsewhere, copper dived to a 3.5-year low on Chinese demand worries and coffee was dampened by the arrival of rain in Brazil, while cocoa zoomed to a ...
Coffee, sugar fall as focus on rain in Brazil LONDON: Arabica coffee and raw sugar futures on ICE fell on Friday as rains in Brazil raised expectations that drought-driven crop losses may not be as heavy as feared. Cocoa futures on ICE were steady as the market consolidated after chart signals drove profit-taking on Thursday. May arabica coffee futures on ICE eased 1.4 cent or 0.8 percent to $1.7280 per lb by 1459 GMT. "The reports of increased rainfall in Brazil have had an ...
Gold up yet still set for biggest weekly fall in 4 months LONDON: Gold rose on Friday ahead of a series of speeches by US Federal Reserve officials but was still on track for its biggest weekly fall since November following the Fed's hints of an interest rate hike in the first half of 2015. Fed officials including Richard Fisher, James Bullard and Narayana Kocherlakota are due to speak later on Friday after Fed Chair Janet Yellen surprised markets mid-week by suggesting the possibility of raising interest ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln