Iraq Economic News and Points To Ponder Monday Evening 12-8-25

The Dollar Is Rising Again In Evening Prices In Iraq.

Stock Exchange   The exchange rate of the dollar against the dinar recorded a new surge on Monday, coinciding with the closure of the stock exchange in local markets.

Baghdad 
Selling price: 144,000 dinars for 100 dollars
Buying price: 142,000 dinars for 100 dollars.

Erbil
Selling price: 142050 dinars per 100 dollars
Buying price: 141850 dinars per 100 dollars.   https://economy-news.net/content.php?id=63196

Gold Rises As The Dollar Weakens In The Markets

Economy | 08/12/2025   Mawazin News - Follow-up:   Gold prices rose on Monday, benefiting from increasing expectations that the US Federal Reserve will cut interest rates this week, which further pressured the dollar.

By 9:40 AM Moscow time, February gold futures (Comex) had risen 0.05% to $4,245 per ounce.
Meanwhile, spot gold rose 0.44% to $4,216.26 per ounce.

In the currency markets, the dollar weakened, hovering near its lowest level in six weeks, which it reached on December 4th, making dollar-denominated gold cheaper for holders of other currencies.
https://www.mawazin.net/Details.aspx?jimare=271313

Oil Prices Hit Their Highest Level In Two Weeks

Economy | 08/12/2025   Mawazin News - Follow-up:  Oil prices rose near their highest levels in two weeks as markets awaited the US Federal Reserve's decision on a possible interest rate cut this week, which could boost economic growth and energy demand. Investors also continued to monitor geopolitical developments that threaten supplies from Russia and Venezuela.

Brent crude futures rose nine cents to $63.84 a barrel, while US West Texas Intermediate crude climbed eight cents to $60.16.  Oil prices closed Friday at their highest level since November 18. Data from the London Stock Exchange shows an 84% probability of a quarter-point rate cut at the Fed's meeting on Tuesday and Wednesday, amid expectations that it will be one of the most divisive meetings in years.   https://www.mawazin.net/Details.aspx?jimare=271306

Iraq Discusses Oil And Gas Development Projects With US-Based Chevron

Economy | 04:21 - 08/12/2025   Mawazin News – Baghdad:   Oil Minister Hayyan Abdul Ghani Al-Sawad met with a delegation from the American company Chevron to discuss ways to enhance cooperation in the oil and gas sectors. The meeting took place at the ministry headquarters.

In a statement, the ministry said, "Minister Hayyan Abdul Ghani Al-Sawad received a delegation from Chevron, and during the meeting, they discussed topics related to developing the oil and gas sectors." The statement added, "They also discussed investment opportunities and future projects that could contribute to supporting the oil industry in the country."   https://www.mawazin.net/Details.aspx?jimare=271329

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