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Tag: Gold

Iraq maintains its 5th position in Arab countries with largest gold reserves

Iraq maintains its 5th position in Arab countries with largest gold reserves

The World Gold Council has announced that Iraq maintained its global position with the largest gold reserves. It represents 7% of the rest of its currencies. The Council said in a statistical published on its website. It says, “Iraq has maintained its fifth position in the Arab world, which came after each of Saudi Arabia, Lebanon, Algeria, and Libya. It indicates the last purchase of Iraq gold was in September from 2018 and by 6.5 tons”. The council also said…

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Gold Prices Fell after marking its Highest Level in Past 6 Years

Gold Prices Fell after marking its Highest Level in Past 6 Years

Gold prices have shown their highest level in at least past 6-years on Tuesday. Most investors backed off from more sensitive assets because of concerns surrounding Hong Kong protests and the collapse of the Argentine currency following fears of a Global Economic Slowdown. The spot gold rose 0.3% to 1515.56 U.S dollars/ ounce at 0518 GMT, after hitting its highest level since April 2013 at 1518.03 U.S dollars. The U.S gold futures rose 0.6% to 1,526.90 U.S dollars/ ounce. Hong…

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Gold Prices increase and announcement from Iraqi Trade Bank

Gold Prices increase and announcement from Iraqi Trade Bank

The gold prices have shown an increase on Wednesday due to increasing tensions in the Middle East. It prompts investors to buy a safe and precious metal. But, the gains were limited because of an increase in the U.S dollar’s price and potential progress in China-U.S trade negotiations. The gold rose 0.3% to 1,420.70 U.S dollars per ounce after hitting its lowest level since July 17, 2019, at 1,413.80 U.S dollars per ounce in the previous session. The price of…

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Gold Sees the Lowest Worldwide Over US interest Hike Fears

Gold Sees the Lowest Worldwide Over US interest Hike Fears

Iraqi Dinar 123 News:– On Monday, the World Gold showed its lowest level in last consecutive four weeks. The continuous downfall in the month of October 2015 bounded the investors. The important point is that interest rates have been increased this year by the U.S Federal Reserves. This factor decreased the gold price significantly and it was recorded yesterday at 1134.60 U.S dollars per ounce, it is considered as the lowest gold price since 5th October 2015 and the price…

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Central Bank Selling Gold Bars for Investment and Get More Profit

Central Bank Selling Gold Bars for Investment and Get More Profit

Iraqi Dinar 123 News:– On Monday, The Iraqi Parliamentary Finance Committee member Ahmed Al Jubouri issued a statement that Iraqi Central Bank has made a plan to sell gold bars and it is considered as a part of improvement in investment to get more profit for the country. He said in his press statement that Central Bank of Iraq has made a plan to generate more revenue by selling gold bars which is a part of investment. It would not…

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Gold Import Decline is a Proof of Dinar Strength: Abadi

Gold Import Decline is a Proof of Dinar Strength: Abadi

On Monday, the Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a stated in an interview that the Iraqi imports of gold products have been reached more than 70 tons. It is also added that a continuous downfall in the gold prices increasing the Iraqi dinar currency strength. Muhammad Saleh further added that Iraq is importing a large amount of gold per year and it is estimated between 60 to 70 tons. He further added that Iraqi dinar…

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Kurdistan Region Imported 26 tons Gold During the First Quarter of 2015

Kurdistan Region Imported 26 tons Gold During the First Quarter of 2015

On Sunday, the Directorate of quality control of jewelry products in the Region of Kurdistan issued a statement that the Kurdistan region has imported more than 26 tons of Gold in the past six months. It is also said that a decline reported that is comparatively higher than same period’s imports in the last year due to the major financial crisis faced by the regional government of Kurdistan. Bakr Aziz, the Director of quality control for jewelry products said in…

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Price of Iraqi Gold Increases

Price of Iraqi Gold Increases

Iraqi Dinar 123 News: – According to our authentic sources, on Monday, the Iraqi gold price rose to 196000 Iraqi dinars per weight with a difference of 1397 Iraqi dinars compared to Sunday price. Point to be noted that the 21 carat gold price was at 194768 Iraqi dinars and it rose today and reached at 196165 Iraqi dinars with a handsome difference of 1397 Iraqi dinars. On the other hand, the Iraqi Parliamentary Finance Committee predicted on Monday that…

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