Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-9-25

Good Afternoon Dinar Recaps,

SEC Crypto Task Force Targets Financial Surveillance, Privacy, and Market Clarity
Commissioner Hester Peirce leads new push for balance between oversight and innovation in digital assets.

A Fresh Approach at the SEC
The U.S. Securities and Exchange Commission (SEC) is pressing ahead with its digital asset agenda, announcing that its crypto task force will hold a public roundtable on financial surveillance and privacy in Washington, D.C., on October 17.

Led by Commissioner Hester Peirce, the task force has already hosted multiple roundtables since the departure of former SEC Chair Gary Gensler, with 10 events planned across the country through December.

“Understanding recent developments in privacy-protecting tools will assist the SEC and other financial regulators as we work on policy solutions in the crypto space,” Peirce said.

Policy Shifts in Motion
The SEC recently proposed new rules, including:

• Exemptions and safe harbors for certain crypto asset sales.

• Adjustments to broker-dealer financial responsibility rules that could reduce compliance burdens for U.S.-operating crypto companies.

These steps suggest a measured shift toward more industry-friendly regulation compared to the enforcement-heavy approach under prior leadership.

Collaboration with the CFTC
The SEC is not acting alone. The Commodity Futures Trading Commission (CFTC), now led solely by Acting Chair Caroline Pham, has also signaled a softer stance. Pham said the agency would follow the White House’s lead on digital asset policy.

Both regulators have begun exploring:

• A potential shift to 24/7 capital markets.

• Regulations for crypto derivatives.

• A coordinated framework for spot crypto trading, following recommendations from the President’s Working Group on Digital Asset Markets.

Congressional Oversight Ahead
All of these efforts could soon be superseded by federal legislation. The Senate is considering the Responsible Financial Innovation Act, a comprehensive market structure bill. Co-sponsor Senator Cynthia Lummis believes it could become law before 2026, formally codifying the roles of the SEC and CFTC in digital asset regulation.

Why This Matters
The SEC’s evolving stance shows a recognition that crypto markets require both regulatory clarity and respect for privacy-enhancing tools. With roundtables engaging industry and policymakers, and Congress weighing a structural overhaul, the coming years could define how the U.S. balances surveillance, innovation, and investor protection in digital finance.

@ Newshounds News™

Source: CoinTelegraph – SEC Financial Surveillance and Privacy Crypto Task Force

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SEC Delays Decision on HBAR and Polkadot ETFs Until November
Regulator points to listing standards, not token rejection, as altcoins hold strong.

Another SEC Delay
The U.S. Securities and Exchange Commission (SEC) has once again delayed decisions on two altcoin ETF filings: Canary’s Hedera (HBAR) ETF and Grayscale’s Polkadot (DOT) ETF. The regulator extended its deadline to November 8, marking the third delay since March.

For the Canary HBAR ETF, Nasdaq first filed in February and amended the proposal in March. The SEC has since requested several rounds of public comments, questioning whether the product qualifies under Nasdaq’s commodity-based trust shares rule. Grayscale’s Polkadot ETF is following a nearly identical timeline.

Why the Delay?
The SEC’s hesitation has less to do with HBAR or DOT specifically and more to do with the lack of uniform listing standards for spot crypto ETFs. The agency is holding back approvals until exchanges finalize a broader framework.

• Major exchanges — including Nasdaq, NYSE, and CBOE BZX — have already submitted amendments to redefine “commodity” by removing “excluded commodities.”

• This change would smooth the way for altcoin ETFs, making them easier to classify and list.

In short, the SEC appears to be waiting for standardization before approving any products beyond Bitcoin and Ethereum.

Market Reactions Stay Positive
Despite the delay, both tokens showed resilience:

• HBAR rose about 1% this week, trading near $0.22.

• Polkadot (DOT) surged almost 4% to $4.03, with trading volume spiking more than 225% in 24 hours.

Analysts suggest this optimism reflects a belief that approval is inevitable once listing standards are finalized. Bloomberg continues to assign a 90% probability of eventual approval for both ETFs.

The Bigger Picture
The SEC’s cautious approach signals it is building a standardized ETF framework rather than rejecting altcoin products outright. While the November deadline is the next milestone, market participants are already pricing in a favorable outcome.

If approved, HBAR and Polkadot ETFs could mark the beginning of a new wave of altcoin ETFs, further expanding crypto’s integration into U.S. capital markets.

@ Newshounds News™
Source: Coinpedia – SEC Delays Decision on HBAR and Polkadot ETFs+

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Analysts Say Bitcoin Has Yet to Prove Its “Digital Gold” Role
Despite gold’s surge, Bitcoin still trades like a risk asset tied to tech stocks.

Geopolitics and Market Anxiety
Global markets were rocked this week by a combination of weak U.S. employment figures, intensifying trade disputes, ongoing wars, and political turmoil in France. The uncertainty pushed gold to new record highs. Bitcoin, however, did not follow. Instead, it mirrored the Nasdaq 100, reinforcing its tight correlation with equities rather than acting as a safe-haven asset.

Ecoinometrics: “Digital Gold” Narrative Still Missing
Research group Ecoinometrics found that Bitcoin’s correlation with gold and U.S. Treasuries remains close to zero. Meanwhile, its connection to risk assets remains strong, with Ethereum even more equity-like in its trading behavior. Analysts emphasized that Bitcoin has yet to make the anticipated transition into a true “digital gold” hedge.

Fed Meeting as the Turning Point
Investor attention now shifts to the upcoming Federal Reserve meeting, which may set the tone for both crypto and equities:

• A clear rate-cut signal could spark optimism across risk markets, potentially lifting Bitcoin.

• A hawkish surprise may weigh on both tech stocks and crypto, keeping Bitcoin locked in its current risk-asset role.

Bitwise: Macro Still Dictates the Trend
According to André Dragosch of Bitwise, the current weakness in Bitcoin isn’t driven by crypto fundamentals, but rather by slowing global growth and shrinking risk appetite.

Still, Dragosch maintains a cautiously optimistic outlook:

• Liquidity growth and Fed easing could fuel a stronger environment later this year.

• In the short term, the Fed meeting represents a “double event”—either a launchpad for recovery or a trigger for further downside.

Why This Matters
Bitcoin’s ability—or failure—to prove itself as “digital gold” will remain a central narrative for investors. With gold surging to fresh highs and global instability persisting, the coming months may determine whether Bitcoin truly evolves into a safe-haven asset or continues behaving like a speculative tech trade.

@ Newshounds News™
Source: Coindoo – Analysts Say Bitcoin Has Yet to Prove Its “Digital Gold” Role

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News, Rumors and Opinions Tuesday 9-9-2025

Gold Telegraph: I Always Said this Would End as a Tragic Comedy

9-9-2025

I said years ago, the East would eventually punch the West in the teeth with gold. Here we are…

The dollar has lost nearly 45% of its purchasing power against gold over the past 1 year. Read that again.

I said this over 4 years ago, and people laughed. Now I see a lot of fingers pointed and desperation. Elements are the center of it all now.

Russia is warning that the United States will leverage stablecoins backed by Treasuries to offload $35T debt. Pushing global adoption, then devaluing the dollar, leaving the world holding the bag. I explained this “genius act” weeks ago. Well…

https://twitter.com/i/status/1965099331301871708

Gold Telegraph:  Dollar stablecoins are just a euphemism for a central bank digital currency. They don’t call it the Genius Act for nothing. It enforces global demand for a U.S. controlled medium to access decentralized finance and the world applauds. Yes, that’s genius.

It is one thing to watch an idea come to life. Watching that idea empower people and protect their future is another level entirely. Today, The entire world is talking about it. It has made all the long hours worth it for over a decade.

I always said this would end as a TRAGIC COMEDY. Tragic: The world’s reality becoming uglier than most could imagine. Comedy: That in such chaos, gold quietly stands out. The paradox writes itself. Well…

BREAKING NEWS: ANGLO AMERICAN IS NEARING A DEAL TO ACQUIRE CANADIAN MINER TECK RESOURCES THAT COULD VALUE IT AT ABOUT $20 BILLION

Here we go…

“Both Anglo American and Teck have drawn interest from larger rivals in recent years…”

Source: https://www.reuters.com/markets/deals/anglo-american-nears-deal-acquire-teck-resources-20-billion-ft-reports-2025-09-08/

Source(s):   https://x.com/GoldTelegraph_/status/1965039397939859891

https://dinarchronicles.com/2025/09/09/gold-telegraph-i-always-said-this-would-end-as-a-tragic-comedy/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26    They've got to expose 12-2c.  12-2c does not have the rate.  They're protecting it.  But 12-2c, when opened, will bring the rate...

Mnt Goat   Article:   “In AL-SUDANI: THE PARTNERSHIP BETWEEN IRAQ AND THE UNITED STATES HAS ACHIEVED SIGNIFICANT RESULTS AND ENHANCED SECURITY” Quote:  "the Prime Minister Mohammed Shia al-Sudani himself praised the partnership  between Iraq and the United States on Tuesday, “stressing that it has achieved significant results and contributed to enhancing security and stability.”  ...So where is the Project to Delete the Zeros then?  Another sign it may be coming VERY SOON.

Militia Man   Prime Minister of Iraq is saying... Iraq's oil reserves have reached over 150 billion barrels.  It'll provide the world's oil for 120 years at least...OPEC said because of Artificial Intelligence and many other things, the demand for oil is increasing.  It's not decreasing.  It's a total disconnect from what we saw four or five years ago, but they're saying it now...

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IQD Trading on Forex What Must Happen First

Edu Matrix:  9-9-2025

The big question many investors ask: When will the Iraqi Dinar (IQD) finally be traded on the global Forex market? In this video, we break it down step-by-step in simple terms that anyone can understand.

✅ Why Iraq must unify its exchange rate and close the gap between the official rate and the street market.

✅ The Central Bank of Iraq’s (CBI) recent reforms—ending the dollar auctions, banning cash-dollar withdrawals, and moving to correspondent banking.

✅ What the International Monetary Fund (IMF) has said about Iraq’s progress and what still needs to be done.

✅ The crucial role of anti-money-laundering (AML) reforms, digital payments, and stronger private banks.

✅ What it really takes for the IQD to appear on Forex platforms like other global currencies. *Bottom Line:* Iraq is taking important steps, but the journey isn’t finished.

This is the roadmap to watch if you want to know when the IQD will truly be ready for Forex trading.

https://www.youtube.com/watch?v=9HI3aM6SNk4

Tuesday Coffee with MarkZ 09/09/2025

Tuesday Coffee with MarkZ 09/09/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning…..sure are a lot of rumors about this week

MZ: Lots of rumors and chatter….let’s hope they are true

Member: TNT said they are trading Iraq bonds at $5.86

MZ: I don’t know about the bonds….but that figure has shown up pretty consistently on some of the banking sites. Just not the public sites.

Member: Any news out of Reno this week

MZ: Lots of rumors coming out of Reno that it is completed.…..If you believe half the chatter from Reno we have already RV’d and will get our notices this week.  My best group contacts refuse to comment…but they very much expect group money to be flowing this week. …It’s encouraging but cannot verify anything right now. Continue to stay calm.

Member: There's a rumor that we are all staying calm.

Member: If it was done wouldn’t the Dinar be up on Forex already?

MZ: I think we are in a great spot…they just continue to cloud the timing.

Member: Mark, shotgun start or is the Internet group at the back of the list?

Member: A tax expert believes we will owe capital gains tax.  Hopes he is wrong

Member: Hope for the best and plan for the worst.

MZ: In Iraq” “Iraq’s non-oil revenues jumps to 7 trillion dinars thanks to reforms”  This has been a big success…..

Member: I’m hearing that Iraq has ended the disconnection with the global financial system

Member: Any word on the Bolivar??

Member: Venezuela is ranked 10 in natural resources globally. much more than iraq one would think it would have a great revaluation at least as much as iraq / Kuwait

MZ: Venezuela is exponentially wealthier than Kuwait….and Kuwait is very wealthy…..so that makes sense.

Member: Is it possible 9/11 RV since that was the original date it was supposed to be released to the public many years ago???

Member: Nesara/Gesara was to go in 2001 but 911 happened. Could it be 9-11 this year ?

MZ: Yes it was supposed to happen on 9-11 in the year 2000 I believe…..a lot of people hope it will happen then this year……but I try not to buy into it.

Member: We’ve said this before, but when this actually happens, I think many will not believe it.

Member: Keeping hope high, expectations low. Too many false alarms in the past,

MZ: You are right…we have had way to many false alarms in the past.

MZ: We lost another one before the finish line. Bearded Patriot has passed away. Prayers go up to  all who knew him

Member: My deepest sympathy for Bearded Patriots family

Member: When this is over I think we need a monument to honor all Dinarians who did not cross the finish line.

Lewis Hermes joins the stream today. Please listen to replay for his opinions and information.  

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=QkKLr4gmiU4

Dr. Scott Young: How the Gold Standard Actually Works to Replace the US Budget

Dr. Scott Young: How the Gold Standard Actually Works to Replace the US Budget

9-9-2025

In this detailed and reflective video, Dr. Scott explores the complex economic challenges facing the United States, particularly focusing on the national debt crisis and the potential role of gold revaluation as a solution to replace the traditional federal budget and the IRS system.

He begins by explaining his personal journey of questioning the future and seeking divine guidance on what actions and thoughts are necessary amid ongoing financial turmoil. Dr. Scott critiques common financial terminology and stresses the importance of backing hope with evidence.

The core of the discussion revolves around the unsustainable U.S. federal debt, currently exceeding $37 trillion, with annual interest costs nearing $1 trillion—surpassing the entire defense budget.

The government’s persistent overspending and reliance on borrowing create a debt spiral that threatens economic stability, exacerbated by the risk of rising interest rates which would further inflate debt-servicing expenses.

Dr. Scott highlights the paradox that government spending is a critical driver of GDP, so drastic budget cuts could trigger a recession and shrink tax revenues, worsening the debt problem.

Drawing parallels with Japan’s nearly two-decade-long experience in yield curve control, Dr. Scott warns that the U.S. is on a similar path of unsustainable debt and monetary policy with no viable exit, leading to inflation and economic stagnation. He references the Bretton Woods Agreement and Japan’s role in supporting the U.S. dollar to illustrate historical financial interdependence.

A significant portion of the video discusses recent federal proposals around gold revaluation, including legislation that could require the Federal Reserve to revalue gold certificates to their fair market value and adjust the budget accordingly.

This revaluation could create new budget-neutral spending power without increasing debt, potentially replacing the IRS tax system and ending the Federal Reserve’s current monetary regime.

Dr. Scott explains how previous gold revaluations, such as those in the 1930s, effectively devalued the dollar and expanded government spending power.

He further analyzes the gold reserves available in the U.S. and globally, discussing estimates of gold holdings and their potential to cover trillions in budget shortfalls if revalued at higher market prices.

This could enable a massive fiscal reset: eliminating national debt, balancing the budget, and instituting a gold-backed currency with zero inflation and simple interest.

 Dr. Scott emphasizes that such a transformation would require coordinated action between the military, economic, and political spheres.

In addition to the fiscal discussion, Dr. Scott touches on state-level budget abuses and fraudulent spending as examples of systemic inefficiencies. He warns against speculative financial schemes like QFS crypto and advocates for a grounded, faith-based approach to understanding economic reforms.

 Finally, he frames the ongoing efforts as a “war” against corrupt cabal interests, with the military playing a crucial role in enforcing executive orders to reclaim control over the economy.

Throughout the video, Dr. Scott encourages viewers to balance hope with faith grounded in evidence, acknowledging the difficulty and length of the process but promising transformative change on a global scale.

For a deeper dive into this groundbreaking proposal and to explore the full details of Dr. Scott Young’s vision, we highly recommend watching his complete video for further insights and information.

https://youtu.be/YBdNEgCG8ro

Iraq Economic News and Points To Ponder Tuesday Morning 9-9-25

Iraq Is At The Heart Of A Global Digital Storm. Iraqis Are Increasingly Buying Cryptocurrencies, And There Are Warnings Of Risks To The Iraqi Economy.
 
September 8, 2025   Baghdad / Iraq Observer  In recent years, Iraq has witnessed an escalating debate about cryptocurrencies,  a phenomenon that has swept the world, transforming money flows from traditional banking channels  to a borderless and unregulated digital space.

While Iraq ranks relatively high globally in cryptocurrency adoption indicators,  official voices are increasingly raising their voices, most notably the warnings    of the Central Bank of Iraq and the  Prime Minister's financial advisors, regarding the  legal,  financial, and  security risks these currencies pose,  which could be devastating to  individuals and the   national economy.
 
Reasons Why Iraqis Are Turning To Cryptocurrencies
 
Mazhar Mohammed Saleh, the financial advisor to the Prime Minister, explained in a statement to the Iraq Observer that the use of cryptocurrencies in Iraq is due to "many reasons," most notably   individuals' reliance on these currencies  for remittances abroad to  avoid the   fees and  restrictions of the traditional banking system. 

He added that the lack of banking options, especially in underserved areas, has prompted many to opt for   decentralized digital methods that the  digital space easily provides.
 
Saleh believes that this phenomenon is not limited to Iraq,  but that it has taken on a more dangerous character in the country  due to the  fragility of the traditional financial system and the  lack of official channels for citizens to resort to.
 
This has made cryptocurrencies a  quick and  accessible option for a wide segment of the population,  especially young people.
 
*Central Bank warnings and looming risks Despite the growing popularity, Saleh notes that the Central Bank of Iraq has issued stern warnings against dealing or trading in cryptocurrencies,  citing the risks associated with  financial volatility,   fraud, and   terrorist financing. 

He explained that "the risks of using cryptocurrencies are very significant and real," as many young people have been exposed to fraud, significant financial losses, and a  lack of legal recourse due to dealing with unlicensed platforms.  

He explained that trading often takes place through unofficial brokers or using virtual private networks (VPNs)  to circumvent restrictions,  making these transactions far removed from any  legal or banking protection.
 
The financial advisor emphasized that  relying on informal methods, such as brokers in neighboring countries,  to facilitate transfers or withdrawals   increases the fragility of these transactions. 

Digital Theft And Lack Of Guarantees

Furthermore, the high volatility makes people vulnerable to quickly losing their savings  with any sharp change in cryptocurrency prices. Saleh continues that one of the most significant risks of this phenomenon is the  exposure of traders to what he calls "digital theft," given that  trading is  illegal and  lacks any safeguards or frameworks to protect investors. 

He notes that the   absence of a protective banking or legal authority  makes trading in cryptocurrencies an uncalculated risk  that could wipe out individuals' savings in an instant. 

He also pointed out that these operations constitute a form of "digital money laundering," which falls under the Anti-Money Laundering and Counter-Terrorism Financing Law.
 
He noted that AML/CFT regulations apply to digital transactions, especially if they are linked to a criminal purpose, indicating that violators face severe penalties that may include  imprisonment for 5 to 15 years, or a  fine of up to five times the amount of laundered funds.
 
 *Iraq in the "Global Adoption" Index of Cryptocurrencies
 
In contrast to these warnings,  international data confirms the extent of the phenomenon's spread in Iraq.  The "Global Adoption" Index for Cryptocurrencies revealed that  Iraq ranked relatively high globally, ranking among the top third of countries worldwide in digital currency use.
 
According to the sixth edition of the global index, which ranks 151 countries,  Iraq ranked 44th globally,   with a score of 0.05, placing it at the forefront of the region's countries that have adopted cryptocurrencies  at the grassroots level.
 
Iraq outperformed countries such as   Saudi Arabia,   Oman,  Kuwait, the  UAE,  Qatar, and  Bahrain   in this ranking.  However, countries such as Türkiye, Yemen, and  Jordan ranked higher than Iraq, indicating that the  Middle East region as a whole is witnessing a frantic race in the field of  digital currencies.
 
Asia-Pacific: The Largest Growth Arena
 
Internationally, data showed that the Asia-Pacific region was the fastest-growing region in cryptocurrency activity,  with a 69% increase in value  received year-on-year over the past twelve months.   

Total cryptocurrency transaction volume in the region also  increased  from $1.4 trillion  to $2.36 trillion,  reflecting the global boom in this sector.       https://observeriraq.net/العراق-في-قلب-العاصفة-الرقمية-صعود-في/    

 Strengthening Digital Infrastructure
 
Economic 09/09/2025   Dr. Nabil Rahim Al-Abbadi  Electronic signatures are  a cornerstone of banks' digital transformation,  providing a  reliable technical and legal basis  for electronic transactions.
 
This aligns with Iraq's efforts to improve its digital infrastructure,  as stated by the Minister of Communications.
 
Relying on electronic signatures will reduce the need for paper documents,  lowering operational costs associated with  printing,  storage, and  transportation.
 
It will also speed up transaction procedures such as opening accounts and issuing loans,  reducing waiting times from days to minutes in some cases. Furthermore, it uses advanced encryption technologies,  reducing the chances of forgery and fraud.
 
This enhances customer confidence in digital banking services, a vital step in an environment marked by increasing cyber risks.
 
Having an internationally recognized electronic signature  means that Iraqi banking documents and transactions  will be accepted internationally,   opening doors for cooperation with international banks and   making Iraq more attractive to foreign investment.
 
Digital signatures are the fuel for  accelerating digital banks  (or digital branches of traditional banks),  enabling the provision of complete services online  without the need for a physical presence, such as  opening accounts completely remotely,  signing contracts and agreements securely, and  completing lending and financing transactions seamlessly.
 
With a solid legal and technical foundation, banks can  develop and  offer innovative financial services such as  mobile banking with a more secure experience,  crowdfunding platforms   that require authenticated signatures on agreements, and  Wealth-Tech (digital wealth management) services  that rely on secure electronic contracts.
 
Electronic signatures eliminate geographical barriers,  allowing banks to reach customers in remote areas or  those who prefer a fully digital banking experience.
 
This aligns with the digital transformation vision that aims to include all citizens.
 
Despite the significant advantages, the  success of e-signatures in the Iraqi banking sector  faces some challenges, most notably   digital infrastructure.   Gaps in internet coverage and  reliability remain in some areas of Iraq, potentially   limiting the effectiveness of e-signatures.  

Culture and trust are also key here, and both customers and employees need to be educated about the  importance and security   of e-signatures.
 
Intensive training programs are also needed,  as is cybersecurity.
 
With increased reliance on digitization, banks increasingly need to invest heavily in advanced cybersecurity systems  to protect  customer data and  transactions  from attacks.
 
The launch of e-signatures in Iraq  is a step in the right direction and  could be a powerful catalyst for the banking sector.
 
To realize the full benefits,  collaboration between the public and  private sectors is essential:
 
Banks should work closely with the  Ministry of Communications and   regulatory authorities to  ensure that e-signature systems comply with international standards,  invest in infrastructure and security, and  adopt technologies such as   cloud computing and   blockchain  to enhance security and efficiency.
 
I see the imperative of organizing comprehensive awareness campaigns  to educate customers on the benefits and use of electronic signatures  to build trust and drive adoption.

I also believe it is imperative to conduct ongoing training for staff to develop the skills of bank employees to  navigate new technologies and  manage digital platforms efficiently. 

 In short, this decision is not just a technical addition,  but a strategic shift  that lays the foundation for the Iraqi banking sector to compete regionally and globally, and to  enter the era of digital banking with  confidence and  security.    https://alsabaah.iq/120203-.html  

 For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Is It Time To Ring The Bell On Gold?

Is It Time To Ring The Bell On Gold?

Notes From the Field By James Hickman (Simon Black)  September 4, 2025

In our April edition of our premium investment research service, we told subscribers about a highly promising precious metals company— one that we thought was deeply undervalued.

The company had rapidly grown its production nearly 20x in just a few years, not to mention they had also paid off ALL of their debt. Yet they were still trading at just a few times earnings.

With strong cash flow, solid management, and rising gold and silver prices, it was precisely the kind of deep-value setup we look for. This company is now up 5x just since April.

We’ve been very bullish on the precious metals story for the past few years; we have been writing very consistently that gold prices would continue surging higher because central banks around the world are losing confidence in the dollar.

Just this week we told you that foreign governments and central banks now own more gold than they own US government bonds; it’s the clearest sign yet that foreign powers are lining up against the dollar.

Yet while we have been predicting higher gold prices for years, we have been particularly bullish on gold (and other precious metals) companies, i.e. mining, royalty, and service businesses.

And this prediction has also been correct; while precious metals prices are rocketing higher, shares of the companies which produce these metals are performing even better.

Silver, for example, has increased by 33% since April, while one of our silver companies has increased by 400%.

Another silver company we highlighted in March is up 230% in six months.

A gold company we highlighted more than a year ago has increased by 300% in the same time frame that gold has shot up 100%.

We said this would happen. And we said that when investors realized what they were missing, the rise in these companies’ values could happen very quickly. This is precisely what we’re seeing now.

Month after month through our premium investment research service (called the 4th Pillar), we have presented our subscribers with companies that were debt-free, well-managed, extremely profitable... yet trading at laughably cheap valuations.

While the general stock market right now is trading near record-high price/earnings ratios, our featured precious metals companies were trading at multiples as low as TWO.

There’s just one problem: the market is starting to notice. After all, these are all publicly traded companies.

Everyone can see their quarterly financials. Quarter 1 of 2025 was solid. Q2 was exceptional. Q3 earnings are coming out soon, and they will be even better.

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What we have been saying for years is no longer a secret. It’s all out in the open now, and investors are piling in to these gold and silver businesses.

The thing is, these companies still look pretty cheap, simply because they are making so much money and their earnings are growing rapidly.

So despite rising by up to 5X, we believe many of these precious metals companies could still double again in value over the next few months as countless investors start piling in.

We want to make sure our readers still have the chance to participate in this rally over the next few months. 

So if you haven’t yet invested in this historic boom, we think the next few months are set to be absolutely enormous... and could be the last opportunity to get in during this phase of the cycle.

That’s why we really want to encourage you to join our our premium investment research, the 4th Pillar.

In just this month’s edition— which comes out tomorrow— you’ll read about several undervalued gold and silver companies which our chief analyst believes are still primed for major growth over the next few months.

You’ll also hear about another unique real asset company that has a storied history going back to George Washington in the 1790s.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/is-it-time-to-ring-the-bell-on-gold-153473/?inf_contact_key=6d1c8da66d77ade6da29a8ac73ccce713a5186b0959d36194e900cf71a9c9586

“Tidbits From TNT” Tuesday Morning 9-9-2025

TNT:

Tishwash:  Iraqi Oil: Signing Major Investment Contracts and Expanding Gas Investment

The Ministry of Oil confirmed on Monday that major investment contracts had been signed and gas investments had expanded, as Iraq has become an attractive investment environment for the oil industry. It noted significant progress in the extraction, refining, gas, and distribution sectors .

“Iraq has signed major contracts with international companies such as Chevron and BB to develop fields in Nasiriyah and Kirkuk, in addition to the integrated gas development project in the Artawi field, with a value exceeding $10 billion,” said Undersecretary of the Ministry, Bassem Khadir, in a speech during the opening of the third Iraq International Oil and Gas Exhibition, which was followed by the “ Al-Sa’a ” network.

He added, "The ministry has increased its gas investment percentage from 45% to 70%, with an ambitious plan to close the flared gas file by 2028. Work is also underway on renewable energy projects, most notably a 1,000-megawatt solar power plant ."

He pointed out that "the integrated project in Artawi includes four axes: increasing oil production, exploiting gas from five fields, establishing a solar energy project, and using seawater injection to increase pressure in oil fields ."

Khadir emphasized that "Iraq is working to develop the infrastructure and human resources in the oil sector, while supporting national companies and raising their efficiency to match their partnerships with international companies, thus enhancing development in all governorates and creating ample job opportunities   link

*************

Tishwash: Al-Sudani: Iraq has overcome all challenges and today represents a fundamental pillar of security and stability in the region.

Prime Minister Mohammed Shia al-Sudani affirmed on Monday that Iraq has overcome all challenges and is today a fundamental pillar of security and stability in the region .

His office stated in a statement received by the Mail that "Al-Sudani met, in the Belgian capital, Brussels, with NATO Secretary General Mark Rutte, during which bilateral relations between Iraq and the NATO mission in Iraq were discussed ."

Al-Sudani expressed his "appreciation for Rutte's invitation to participate in the North Atlantic Council meetings," noting that "Iraq has overcome all challenges and today represents a fundamental pillar of security and stability in the region ."

He stressed that "social cohesion in Iraq is its strength," emphasizing "the need for the international community to play its role in stopping the war in the region and the grave violations being committed in Gaza ."

For his part, Rutte expressed his "appreciation for Iraq's role in stabilizing security in the region," praising the "significant shift in the management of all issues during the current government's tenure ."

He praised the "great support that NATO's mission in Iraq receives   link

*************

Tishwash:  Steve Lutes: US companies are ready to support economic diversification in Kurdistan.

The Vice President of the American Chamber of Commerce, Steve Lutes, confirmed that the Prime Minister of the Kurdistan Region, Masrour Barzani, seeks to diversify the economy in Kurdistan, stressing that American companies are ready to cooperate in this field.

A delegation from the American Chamber of Commerce, comprising more than 30 companies, is currently visiting Erbil to invest in various sectors within the Kurdistan Region.

Steve Lutes told Kurdistan 24 on Sunday that the delegation is not only listening to economic opportunities from officials, but is also seeking to connect with local businesspeople, with the goal of finding new partners and increasing trade and investment activity in the Kurdistan Region.

"Kurdistan Regional Prime Minister Masrour Barzani is focused on diversifying the economy, and we believe American companies will be able to seize these opportunities and contribute to achieving this goal," Lutz added.  link

************

Tishwash:  Al-Sudani's advisor reveals the extent of the development path's contribution to the Iraqi economy.

Mudhar Mohammed Salih, advisor to the Iraqi Prime Minister, revealed on Monday that the development road project will contribute 20% to diversifying the national economy.

Salih said in a press interview that "the development road project, which connects the port of Faw in southern Iraq to Turkey via a 1,200 km railway and road network, is one of the largest logistics projects in the region, with an estimated cost of $17 billion."

He added that "the project will open the door to diversifying the national economy as the road is connected to free economic zones, industrial cities and advanced logistics services," expecting that "it will contribute approximately 20% to diversifying the national economy in terms of its contribution to the gross domestic product in the long term."

Salih pointed out that "this will be a basis for employing a national workforce of approximately one million workers and activating important joints in the national economy, in addition to advanced land and rail transportation services, in addition to attracting regional and international investments continuously as it connects the Gulf to Europe via Turkey, which are important economic regions globally in terms of relative weight."

The government advisor concluded his remarks by saying, "The project will sustainably strengthen the Iraqi economy and improve the country's resilience to global market fluctuations. If invested efficiently and integrated with plans to boost industry, trade, and services, its impact could undoubtedly be as significant as that of oil in the long term."  link

*************

Mot: When - Enough is Enough!!!!   Beach time out

Mot:  . Not What She Was Hoping For  wild child

FRANK26….9-8-25……TALKING

KTFA

Monday Night Video

FRANK26….9-8-25……TALKING

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=MLPd2EtBX8A

Iraq Economic News and Points To Ponder Monday Evening 9-8-25

Experts: Banking Reforms Are Necessary To Enhance Financial Stability.
 
Economic 09/08/2025  Morning: Hussein Faleh   The Iraqi banking sector is undergoing a pivotal phase  marked by  comprehensive reform and  institutional development.
 
The Central Bank, in collaboration with   private banks, the   government, and the  global consulting firm Oliver Wyman,   is implementing a strategic plan aimed at   enhancing financial stability,   diversifying the economy, and  gradually transitioning  from a cash  to a digital   economy.

Experts believe these efforts pave the way for ending restrictions on Iraqi banks' dollar transactions and opening new horizons for the banking sector  to achieve sustainable development.
 
pivotal stage
 
Economic expert Dr. Mustafa Hantoush explained that"the  Central Bank and the  banking system   are going through a critical phase that could lead to the   end of restrictions imposed on Iraqi banks' dollar transactions." 

He pointed out that  "the Central Bank's decision   to extend the deadline for increasing the capital of banks   included in the reform   to more than two years,   instead of the previous deadline of the end of this year,  reflects  a state of joint cooperation with these banks and  supports them in facing challenges." Hantoush told Al-Sabah:
 
Final Report
 
 “The Central Bank has contracted with Oliver Wyman  to conduct a comprehensive study of the banking sector,” noting that   “the company completed its study and  submitted its initial report three weeks ago, while the final report was issued recently, including a package of mechanisms to  address banking challenges and regulate dollar transactions.

” He added that  “these mechanisms are currently under discussion between the  Central Bank and the  consulting firm,” expecting “the dialogue between the two sides to   continue to reach compromises,   whether  by extending the capital increase period to more than three years,   or reducing the required amounts   in line with the capabilities of Iraqi banks.”
 
tangible progress
 
For his part, Economic and Banking Advisor Samir Al-Nusairi stated that "the measures and efforts led by the Central Bank of Iraq,in cooperation and consultation with private banks, have yielded tangible progress in implementing the  objectives, mechanisms, and standards of the comprehensive banking reform project.
 
This progress is being made in partnership with the  government and the  global consulting firm Oliver Wyman, and  within the framework of the Central Bank's third strategy.

productive sectors
 
" Al-Nusairi explained to Al-Sabah that "the project came in   response to current economic challenges and  an effort to enhance the banking sector's role   in supporting sustainable development    by   activating non-oil productive sectors,  diversifying sources of national income,  achieving financial stability and   economic growth, regulating foreign trade financing,  supporting infrastructure projects for digital transformation, and  expanding the use of electronic payment tools to achieve financial inclusion." Al-Nusairi explained that
 
international recognition
 
"the reform and development plan for the banking sector for the period 2025-2028 focuses on
    developing the banking system and   ensuring its compliance with international banking and accounting standards,  building a modern, flexible, and inclusive banking sector,   enhancing citizens' confidence locally, and   obtaining international recognition for    its transparency and commitment to standard criteria,   ensuring the confidence of global correspondent banks.  

It also aims to  rehabilitate restricted or weakly active banks to enable them to return to full operations. It also aims to  focus the role of banks on financing and development lending,   enhancing financial inclusion and increasing its percentage.
 
It also aims to move  from a cash economy   to a digital economy   by withdrawing funds circulating outside the banking cycle   – which constitutes approximately 80 percent  – ​​and integrating them into the banking system." Al-Nusairi pointed out that
 
Evaluation and classification
 
"what has been achieved during the years 2023, 2024, and until mid-2025 represents 'ambitious' levels in building the foundations  upon which the reform project is based,   which has enabled the evaluation and classification of banks  according to their level of achievement of objectives.

" He noted that   "there are banks that have achieved remarkable progress,   while others still need additional time, while exceptional efforts are being made by the   Central Bank and the   administrations of some troubled banks    to rehabilitate them."
 
Central Bank Governor Ali Al-Alaq had previously revealed details of the banking reform plan,
    particularly regarding the   foreign partner and        the plan's objectives, stressing that the foreign partner is not a condition of the reform plan, while indicating that the banking reform is based on international laws and standards.

Reform plan
 
Al-Alaq said,"The banking reform plan is not a surprise, but rather a well-thought-out plan, and it took more than a year to develop in coordination with banks and international bodies. It was agreed upon the need to review the Iraqi banking sector after years of practical experience.

" He pointed out that, "After numerous problems emerged,  all parties agreed to adopt a plan that would place our banks   within international standards and practices, and  within the framework of the  Central Bank Law and the   Iraqi Banking Law. Therefore, the standards are not innovative,    but rather stem from the Central Bank Law."      https://alsabaah.iq/120119-.html        

The Central Bank Governor Meets With The United Nations Development Programme Representative.
 
September 08, 2025  His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,  met with the new Resident Representative of the United Nations Development Programme in Iraq  (Mr. Titon Mitra)  at the Central Bank's headquarters in Baghdad.
 
The meeting addressed a range of key issues in cooperation between the two parties, focusing on
    providing advice on technical aspects and controls related to the  regulatory framework for e-commerce, with the    goal of working toward   consumer protection and  enhancing a safe environment for the growth of the digital economy.
 
During the meeting, His Excellency the Governor reviewed the tangible progress made in the digital transformation of  electronic transactions across trade and services, and the   reduction of reliance on cash.
 
He highlighted the importance of cooperation  on advisory and technical aspects with  various specialized international and regional organizations.
 
His Excellency also addressed the  Central Bank's plan to reform the banking sector, the  key stages it is undergoing, and the cooperation with Oliver Wyman.
 
Mr. Mitra commended the   cooperation between the    Central Bank of Iraq and the  United Nations Development Programme,  pointing out the   Central Bank's reform plan for the banking sector  to consolidate the pillars of this important sector,   which influences the  stability of   economic and   commercial activity in Iraq.   https://cbi.iq/news/view/2976   

 For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economic Updates Monday Evening 9-8-25

Good Evening Dinar Recaps,

BRICS Anti-America Strains Rise as JP Morgan Predicts US Dollar Future

Despite de-dollarization campaigns, JPMorgan says the U.S. dollar’s dominance remains entrenched for decades to come.

JPMorgan’s Dollar Dominance Outlook
JPMorgan analysts argue that the U.S. dollar’s global supremacy is not easily displaced. Their research points to deep and liquid capital markets, rule of law, predictable legal systems, and robust USD liquidity as foundations of dollar dominance.

While dollar reserves fell from 73% in 2001 to 58.4% in 2023, the share has stabilized since 2021. JPMorgan concludes that fears of a rapid U.S. dollar collapse are overstated, saying erosion of its role would take decades, not years.

Trump’s Escalating Anti-BRICS Stance
President Donald Trump has sharpened rhetoric against BRICS nations, threatening 100% tariffs on countries moving away from the dollar. His approach toward India has been particularly volatile, swinging from labeling it a “dead economy” to reaffirming U.S.-India ties.

These tensions highlight the political flashpoints driving speculation about dollar stability, even as structural realities keep the greenback secure.

BRICS Push for Alternatives
Despite JPMorgan’s confidence, BRICS nations continue to pursue alternatives:

• Russia and China are expanding non-dollar payment systems.

• India is extending its digital payment network to regional partners.

Still, JPMorgan cautions that fragmentation of international payments is a bigger near-term risk than outright de-dollarization.

Market Reality vs. Political Rhetoric
Financial voices emphasize the gap between BRICS ambitions and global trade realities.

Ted Jenkin, CEO of oXYGen Financial, noted: “With the exception of Europe, the dollar is the most widely used currency by far around the world.”

Even China, while cutting U.S. Treasury holdings, increased purchases of other U.S. securities, signaling continued reliance on dollar assets.

According to the Federal Reserve, 60% of international claims remain dollar-denominated, unchanged since 2000 and far above the euro’s 20%.

Why This Matters
While BRICS nations push for de-dollarization, the U.S. dollar remains the cornerstone of global finance. JPMorgan’s analysis suggests that structural advantages, institutional trust, and widespread usage ensure its dominance will endure well beyond today’s political disputes.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

The Real Reason The Treasury is Buying Back So Much Debt

The Real Reason The Treasury is Buying Back So Much Debt

Heresy Financial:  9-8-2025

TIMECODES

00:00 Treasury Buybacks Explained

 00:28 Fed vs Treasury – Key Differences

01:22 How the Treasury Manages Money

02:20 Treasury Bonds, Notes, and Bills

03:40 America’s Growing Deficit

04:17 How Treasury Auctions Work

05:01 Buying and Selling Treasuries

 06:07 Why the Government Is Buying Back Debt

07:06 The Credit Card vs Mortgage Analogy

 08:11 Why Short-Term Debt Is Replacing Long-Term Debt

09:50 What’s Really Driving Buybacks

11:00 Why the Numbers Don’t Add Up

11:37 Fed Rate Cuts and Short-Term Debt Strategy

13:43 Liquidity Problems in the Treasury Market

15:31 The Real Reason Behind Treasury Buybacks

 16:22 Can This Game Keep Going?

https://www.youtube.com/watch?v=FEEKYGTuBnI

Gold Telegraph: The World is Changing by the Day

Gold Telegraph: The World is Changing by the Day

9-8-2025

BREAKING NEWS: POLAND’S CENTRAL BANK GOVERNOR PLANS TO PROPOSE AN INCREASE IN THE TARGET FOR GOLD AS A PERCENTAGE OF RESERVES TO 30% FROM 20%

It is starting to add up. Boom…

“Poland’s central bank Governor Adam Glapinski plans to propose an increase in the target for gold as a percentage of reserves to 30% from 20% currently, he said…”

Source: https://www.reuters.com/world/india/gold-slips-after-record-rally-us-payrolls-report-radar-2025-09-04/

Job growth BADLY missed expectations in August. Here comes the rate cut… Spot gold is surging again right now.

Gold is sending a very loud message all over the world. There is a reason why gold is one of the most FEARED assets globally. This is getting wild.

Tether. The world’s largest stablecoin is in talks about investing in gold miners. Connecting the virtual and physical world… I am really starting to get trolled.

Fiat currencies are absolutely being destroyed against gold. Why would there be mercy when paper money can just be printed? You don’t have to be an Einstein to understand this… However, Gold bugs are starting to look pretty smart.

The best opportunities aren’t found by chasing… they are unlocked by recognizing patterns. What the market once despised is now what the world is mesmerized by: Gold. The movie is getting good, no?

At Beaver Creek last year, I asked @Frank_Giustra a simple question: When will capital flow back into miners? The industry was broken then. Now? Things have changed massively. The lesson? Broken sometimes represents a huge opportunity.

BREAKING NEWS: THE UNITED STATES IS CALLING FOR AN INDEPENDENT REVIEW OF THE US CENTRAL BANK, INCLUDING ITS MONETARY POLICY.

Change is in the air.

“Bessent criticized the Fed for expanding beyond its mandate, including pumping too much stimulus via quantitative easing and undertaking excessive regulation of the banking system…”

Source: https://www.bloomberg.com/news/articles/2025-09-05/bessent-urges-independent-fed-review-criticizes-excess-stimulus

BREAKING NEWS: A SECOND TANKER CARRYING LIQUEFIED NATURAL GAS FROM A US-SANCTIONED RUSSIAN EXPORT PLANT HAS ARRIVED IN CHINA

Another one.

“The LSEG tracking data indicated the Russian Voskhod LNG tanker was anchored at an LNG terminal in the port of Tieshan in China’s southwestern province of Guangxi…”

Source: https://www.reuters.com/world/china/second-known-tanker-carrying-sanctioned-russian-arctic-lng-berths-china-2025-09-06/

The People’s Bank of China increased its gold holdings in August for the 10th month. Again. The diversification away from the dollar is REAL. Gold is at the center of it all.

Africa holds around 30% of the world’s critical mineral reserves, and it’s fast becoming the battleground between East and West for control. Don’t overlook this story… or Botswana, a nation poised to play a big role in the years ahead. The next big trend…

“Lithium batteries.”

Don’t be fooled. Less than 10% is lithium. Nearly HALF of the cathode is nickel… the true backbone of the EV battery. Again: Half nickel. That’s where the real story lies. It’s why @elonmusk told miners in 2020: “Please mine more nickel. Tesla will give you a giant contract for a long period of time…”

A key story that many people missed this week? Germany is warning Europe… If China keeps outbidding Europe for copper scrap, a critical supply chain will be destroyed. This is about sovereignty, not just metal. Leaders are finally starting to wake up.

BREAKING NEWS: CHINA IS MOVING TO RESUME ITS DOMESTIC BOND MARKET WITH TOP RUSSIAN ENERGY COMPANIES

Energy…

“Russian ‘panda bond’ sales would be first since 2017 and reflect deepening ties between Moscow and Beijing…”

Source: https://www.ft.com/content/ee8ddacb-79be-4000-a1ed-716d52c60a37

As I have been saying for years: Watch the petrodollar. China is opening its bond market to Russian energy giants. With yuan financing and the Power of Siberia 2 pipeline, energy flows are shifting away from the dollar and the petrodollar era. The world is changing by the day.

Source(s):   https://x.com/GoldTelegraph_/status/1963796212076650661

https://dinarchronicles.com/2025/09/07/gold-telegraph-the-world-is-changing-by-the-day/

Iraq Economic News and Points To Ponder Monday Afternoon 9-8-25

Iraq Seeks To Increase Its Share Of Global Oil Markets.

Energy  Economy News – Baghdad  SOMO confirmed that Iraq seeks to increase its production and export share in line with global market needs and balance, as it is the second-largest producer in OPEC.

SOMO General Manager Ali Nizar said, "Iraq possesses exceptional investment opportunities in the oil and gas sector, making it an open market for reputable international companies."

He added, "The company's plans focus on strengthening Iraq's position as a pivotal energy hub by diversifying export outlets, entering into partnerships with global refineries, providing strategic storage sites, and expanding the pipeline network."  https://economy-news.net/content.php?id=59799

Iraqi Oil Prices Decline On The Global Market.

Economy | 08/09/2025  Mawazine News - Baghdad -  Iraqi oil prices declined on Monday, with the opening of daily trading in the global market.

According to data reviewed by Mawazine News, Basra Heavy crude recorded $64.81 per barrel, while the average recorded $68.01 per barrel, with a change of -0.38 for both.

On the other hand, the data showed an increase in global crude prices, as British Brent crude recorded $66.69 per barrel, while US West Texas Intermediate crude recorded $63.00 per barrel, with a change of +1.18 and +1.12, respectively.   https://www.mawazin.net/Details.aspx?jimare=266434

The US State Department Expresses Its Dissatisfaction With Baghdad's Policy Toward The Kurdistan Region.

The head of the Kurdistan Regional Government's Office of Foreign Relations, Safeen Dizayee, announced on Monday that the US State Department had informed the Iraqi government of its dissatisfaction with the policy pursued towards the region.

Dizayee explained that this position is due to the ongoing tensions between Baghdad and Erbil on sensitive issues, most notably the sharing of financial revenues, salaries, and disagreements related to oil agreements. These disagreements hinder cooperation and negatively impact political and economic stability in Iraq in general and the region in particular.

Dizayee indicated that Erbil continues its efforts to strengthen its relations with countries with advanced economic and industrial expertise, such as Thailand, to benefit from their experiences in developing economic sectors.

He also noted that the regional capital is currently hosting more than six economic forums and conferences organized by consulates and embassies from European countries and others from the United States, an indication of international confidence in the region as a stable investment destination.   https://www.radionawa.com/all-detail.aspx?jimare=42555

For The Fourth Day, The Dollar Exchange Rate Remains Stable In Baghdad.

Economy | 11:41 - 08/09/2025  Mawazine News – Baghdad  The exchange rate of the US dollar against the Iraqi dinar witnessed relative stability on stock exchanges, with a relative decline on some exchanges.

On the Baghdad stock exchange, the selling price reached 143,500 dinars per $100, while the buying price reached 142,900 dinars per $100. However, at money exchanges, the selling price reached 144 dinars and the buying price 142 dinars.   https://www.mawazin.net/Details.aspx?jimare=266440

Gold Exceeds $3,600 For The First Time In Its History

Stock Exchange

Spot gold hit an all-time high on Monday, reaching $3,600.46 per ounce, the first time in its history, driven by growing expectations of a Federal Reserve interest rate cut this month following unexpectedly weak employment data last week.

Spot gold was trading at $3,586.81 per ounce at 01:21 GMT. The price of gold rose to a record high of $3,599.89 on Friday.

US gold futures for December delivery fell 0.7 percent to $3,626.10.

"The key factor is the US jobs data and expectations of a 50 basis point rate cut in September. It's a slim chance, but it represents a significant shift compared to the situation before the jobs data," said Kael Rodda, an analyst at Capital.com.

He added, "In general, all factors are pushing gold prices higher at the moment, and despite the surprise inflation data this week, we will see a good test of the $3,600 level."

U.S. employment growth weakened sharply in August, and the unemployment rate rose to a nearly four-year high of 4.3 percent, underscoring the weakening strength of the labor market and strengthening the chances of a Federal Reserve interest rate cut next week.

The gold price currently reflects expectations of a 25 basis point cut this month, with an 8 percent probability of a cut as large as 50 basis points, according to the CME Group's FedWatch tool.

Lowering interest rates reduces the opportunity cost of holding gold and weakens the dollar, making gold cheaper for investors holding other currencies.

Focus now turns to Thursday's US inflation report, which may provide further clarity on the size of the Federal Reserve's expected interest rate cut.

Gold prices have risen 37 percent so far this year, following gains of 27 percent in 2024, driven by a weaker dollar, central bank buying, monetary easing, and prevailing geopolitical and economic uncertainty.

The People's Bank of China added gold to its reserves in August, continuing its purchases of the precious metal for the tenth consecutive month.

Meanwhile, gold traders increased their net long positions by 20,740 contracts to 168,862 contracts in the week ending September 2.

As for silver, its spot price fell 0.5 percent to $40.75 per ounce, while platinum rose 0.1 percent to $1,374.35, and palladium remained unchanged at $1,109.71.  https://economy-news.net/content.php?id=59806

Political |  08/09/2025  Mawazine News - Baghdad –  President Abdul Latif Jamal Rashid discussed, on Monday, with the Chargé d'Affaires of the United States Embassy to Iraq, Joshua Harris, developing joint cooperation and enhancing dialogue in the capital, Baghdad.

The Presidency said in a statement received by Mawazine News, "The meeting discussed bilateral relations between the two countries and encouraging initiatives that serve the interests of the two friendly peoples. His Excellency the President of the Republic affirmed Iraq's keenness to build balanced partnerships based on mutual respect and common interests."

He continued, "Regional and international developments were reviewed, emphasizing the importance of continuing efforts to achieve regional stability and promote constructive dialogue between various parties."

For his part, Mr. Joshua Harris expressed his pride in representing his country in Iraq, stressing his aspiration to work together to consolidate relations and enhance cooperation in various fields, in a way that contributes to supporting security, stability and prosperity in the region." https://www.mawazin.net/Details.aspx?jimare=266450

 For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com