Iraq Economic News and Points To Ponder Thursday Afternoon 6-27-24
Iraq Economic News and Points To Ponder Thursday Afternoon 6-27-24
Will Gold Reach $3,000 Per Ounce Soon?
Money and business Economy News - follow up Recent analysis by Bank of America shows that “gold prices could rise to $3,000 per ounce over the next 12-18 months.”
The investment bank noted that in 2023, investor demand for gold increased significantly: the accumulation of private bullion and their purchase by central banks accounted for 49% and 43% of purchases, respectively.
However, leveraged ETFs such as the SPDR Gold Trust have seen a decline in assets under management, slowing aggregate demand growth.
Central bank purchases remain a crucial factor in supporting gold prices. While the latest survey conducted by the World Gold Council indicates the continued need for gold among monetary authorities. Views 72 Added 06/27/2024 - https://economy-news.net/content.php?id=44670
Iraq Sells 104 Million Barrels Of Oil During May
Economy | 06/27/2024 Baghdad - Mawazine News The Ministry of Oil revealed, today, Thursday, the proceeds of Iraq’s oil exports during the month of May.
The Ministry stated in a brief statement received by Mawazine News, that “the total oil exports achieved for the month of May, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), amounted to (104) million and (130) thousand and (292) barrels.” . https://www.mawazin.net/Details.aspx?jimare=250349
Oil Prices Fell Due To Fears Of A Slowdown In Demand
Energy Economy News _ Baghdad Oil prices fell in early Asian trading, Thursday, after a sudden increase in US inventories reinforced fears of a slowdown in demand in the largest oil consumer, but concern that any possible expansion of the Gaza war could disrupt Middle East supplies limited the declines.
Brent crude futures fell 30 cents, or 0.4 percent, to $84.17 per barrel by 0028 GMT. US West Texas Intermediate crude futures also fell 32 cents, or 0.4 percent, to $80.58 per barrel.
The two benchmarks had recorded a slight increase at settlement yesterday, Wednesday.
The US Energy Information Administration announced that the country's crude oil inventories rose by 3.6 million barrels last week, which surprised analysts polled by Reuters who expected a decline of 2.9 million barrels.
Gasoline stocks in the United States also increased by 2.7 million barrels, compared to analysts' expectations of a decrease of one million barrels.
In the Middle East, escalating cross-border tensions between Israel and the Lebanese Hezbollah group in recent weeks have exacerbated fears of an all-out war between Israel and Hezbollah. 06/27/2024 - https://economy-news.net/content.php?id=44660
Dollar Prices Against The Dinar In The Markets Now
Economy | - 06/27/2024 Baghdad - Mawazine News The exchange rates of the dollar against the dinar witnessed a slight decline in the markets today, Thursday.
Selling prices in banking shops decreased in the local markets in Baghdad to 148,000 dinars, while purchasing prices reached 146,500 dinars for every 100 dollars.
As for Kurdistan, selling prices reached 147,000 dinars, while purchasing prices were 146,500 for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=250331
How Much Did The Central Bank Sell For The Dollar At Today's Auction?
Economy | - 06/27/2024 Baghdad - Mawazine News The Central Bank of Iraq revealed, today, Thursday, its sales of the dollar in the currency auction.
According to the bank’s data, the total internal cash withdrawals amounted to $25,580,000, while the total amounts of transfers abroad, which include transfers and credits, amounted to $250,418,667, while the total sale amounted to $275,998,667. https://www.mawazin.net/Details.aspx?jimare=250344
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Provoking Thoughts and Points To Ponder On Adversity:
Americans are like a rich father who wishes he knew how to give his sons the hardships that made him rich. - Robert Frost
I would never have amounted to anything were it not for adversity. I was forced to come up the hard way. - J. C. Penney
Adversity introduces a man to himself. - Anonymous
I thank God for my handicaps for, through them, I have found myself, my work, and my God. - Helen Keller
When one's own problems are unsolvable and all best efforts are frustrated, it is lifesaving to listen to other people's problems. - Suzanne Massie
This struggle of people against their conditions, this is where you find the meaning in life. - Rose Chernin
http://famousquotesandauthors.com/topics/adversity_quotes.html