Gold prices - Iraq Bulletin

Resilient Dollar dents gold prices, sinks to a three-month low

adminJune 29, 2023June 29, 2023

June 29, 2023June 29, 2023

In a further blow to the precious metals market, gold prices plummeted to their lowest levels since mid-March. A resurgent dollar has caused the gold market to stumble, pushing the prices into a downward spiral, according to a report by Reuters. The spot gold price took a 0.1 percent hit......

Business

Gold prices hold steady near one-year high as Fed rate pause looms

adminApril 14, 2023April 14, 2023

April 14, 2023April 14, 2023

Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the Federal Reserve may be nearing the end of its rate-hiking cycle. This drove non-yielding bullion towards a second consecutive weekly increase. Spot gold was last down 0.78% at $2,023.77 per ounce, with......

Business

Gold continues upward climb, scaling one-year high racing past $2,000 an ounce

adminApril 4, 2023April 4, 2023

April 4, 2023April 4, 2023

Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest rate hikes despite growing concerns over inflationary pressure caused by rising oil prices. The price......