Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The government ignored a request two years ago... Gold is flying high in Iraq and the world is setti

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 271079
    Join date : 2012-12-21

    The government ignored a request two years ago... Gold is flying high in Iraq and the world is setti Empty The government ignored a request two years ago... Gold is flying high in Iraq and the world is setti

    Post by Rocky Wed Apr 10, 2024 7:46 am

    The government ignored a request two years ago... Gold is flying high in Iraq and the world is setting a record
    [You must be registered and logged in to see this link.] |Today, 
    [You must be registered and logged in to see this image.]

    +A
    -A


    Baghdad today - Baghdad
    Economic affairs expert, Nabil Jabbar Al-Tamimi, today, Wednesday (April 10, 2024), attributed the reason for the rise in gold prices in the Iraqi local market to the rise of this metal globally and its reaching a record level in history.
    Al-Tamimi said in an interview with "Baghdad Today" that "the government was previously asked more than two years ago to buy gold and raise the reserve, with prior knowledge of its rise," expecting "prices to continue to increase in the coming period."
    Al-Tamimi ruled out the impact of the rise in gold on the market situation and commodities, stressing that the rise in the price of gold locally is linked to the global gold index.
    Gold prices stabilized today, Wednesday (April 10, 2024), near the record peak recorded in the previous session, as the metal, which is considered a safe haven, reinforced an appropriate combination of emerging inflationary risks and ongoing geopolitical tensions.
    There was little change in gold in spot transactions at $2,351.94 per ounce by 03:39 GMT, after hitting a record high of $2,365.09 on Tuesday. US gold futures gained 0.3 percent to $2,369.90.
    The US March CPI report due at 12:30 GMT is expected to show that the CPI rose year-on-year to 3.4%, while the core CPI is expected to slow to 3.7%, according to a Reuters poll.
    Markets are also awaiting minutes from the Federal Reserve's March meeting scheduled for 1800 GMT. The Fed held interest rates steady at a range of 5.25%-5.50% last month and indicated it still expects to cut them by 75 basis points by the end of 2024.
    Last week's strong US jobs report, which defied expectations, raised more questions about the feasibility of lowering interest rates this year.
    High interest rates reduce the attractiveness of holding non-yielding gold.
    Spot silver was little changed at $28.15 per ounce, after reaching its highest levels since June 2021 on Tuesday.
    [You must be registered and logged in to see this link.]

      Current date/time is Thu May 30, 2024 5:22 am