Gold Continues To Gain As Expectations Of Interest Rate Cuts Grow And The Dollar Declines.
Time: 2025/08/14 09:45:00 Reading: 360 Times {Economic: Al Furat News} Gold prices continued their rise for the third consecutive session on Thursday, supported by growing expectations that the US Federal Reserve will cut interest rates in September following weak inflation data, which pressured the dollar.
Spot gold rose 0.2% to $3,359.81 per ounce by 04:10 GMT. US gold futures for December delivery rose 0.3% to $3,408.50.
The dollar held near multi-week lows against major currencies, making gold cheaper for holders of other currencies, while U.S. Treasury yields remained near their lowest levels in a week.
Among other precious metals, silver rose 0.1% to $38.56 an ounce, platinum fell 0.2% to $1,337.12, and palladium rose 1.5% to $1,139.32. LINK
The Dollar Price Fell In Local Markets Today With The Closing Of The Stock Exchange
Thursday, August 14, 2025, | Economic Number of readings: 120 Baghdad/ NINA / The dollar prices decreased in Baghdad markets today, with the closing of the stock exchange.
The dollar prices witnessed a slight decrease with the closing of Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 140,450 dinars for $100, while this morning it recorded 140,500 dinars for $100.
Selling prices in exchange shops in local markets in Baghdad also witnessed stability, as the selling price reached 141,500 dinars for $100, while the purchase price reached 139,500 dinars for $100.
In Erbil, the dollar recorded stability, as the selling price reached 140,450 dinars for every $100, and the purchase price reached 140,350 dinars for $100. https://ninanews.com/Website/News/Details?key=1246368
A UN Report Shows Iraq’s Progress In Sustainable Development
Local | 08/14/2025 Mawazine News – Baghdad: The United Nations Country Team in Iraq has released its 2024 Annual Results Report, highlighting the transformative achievements Iraq has made in partnership with the United Nations, accelerating its progress towards achieving the Sustainable Development Goals and national priorities.
This report, prepared in close collaboration with the Government of Iraq, marks the end of the United Nations Sustainable Development Cooperation Framework for 2020-2024.
The report documents the combined impact of the partnerships of 23 UN agencies with national institutions, civil society, the private sector, and international partners.
According to the report, the United Nations and the Government of Iraq have achieved tangible progress in several areas, most notably: social cohesion, where community peacebuilding was strengthened, women and youth were empowered as peacebuilders, and assistance was provided for the safe and dignified return of displaced persons.
Initiatives also contributed to protecting the rights of minorities and supporting the most vulnerable groups. 2024 saw the first national census in over 30 years, supported by the United Nations.
The report added, “There is also economic growth through a focus on policy development, strengthening the education and vocational training sector, and encouraging entrepreneurship.
This cooperation has contributed to creating a more resilient and inclusive economy, particularly by supporting micro, small, and medium enterprises and providing financial and technical assistance to women and the most vulnerable groups.
It continued, “Also in the field of public services, the United Nations provided assistance with legislative reforms, strengthening institutional capacities, and digital governance strategies.
Achievements included the digitization of the Water Safety Plan and the “Back to Learning” campaign, in addition to supporting customs automation through the Automated System for Customs Data (ASYCUDA), which contributed to enhancing trade. In the field of environment and climate change, a national environmental strategy was developed and biodiversity targets were adopted.
The United Nations Climate Change Conference (COP29) represented an opportunity for Iraq to showcase its efforts towards a green transformation, as an Iraqi youth delegation participated to present innovative ideas and solutions.” https://www.mawazin.net/Details.aspx?jimare=265093
Iraq Ranked 86th Globally And 10th In The Arab World In E-Commerce In 2025
Money and Business Economy News – Baghdad Iraq ranked 86th globally and 10th in the Arab world in online shopping by 2025, according to a report published by the American magazine “CEOWORLD.”
The report stated that “the ranking was based on several factors, including the time individuals spend online each week, the percentage of online shoppers each month, and the average income spent through online platforms.”
He added, “The number of online shoppers worldwide currently stands at 2.64 billion, representing more than 33% of the world’s population, while total e-retail sales have reached approximately $6.31 trillion.”
According to the report, “The United States topped the list, accounting for 57.54% of total online retail sales, followed by China in second place, Japan in third place, India in fourth place, Hong Kong in fifth place, and Singapore in sixth place.”
Iraq ranked 86th globally and 10th in the Arab world, with a spending rate of 30.41% of total online retail sales.
In the Arab world, the UAE topped the list, ranking 13th globally, followed by Saudi Arabia, which came in second place, ranking 26th globally, followed by Qatar, which came in third place, Kuwait, which came in fourth place, Bahrain, which came in fifth place, Morocco, which came in sixth place, the Sultanate of Oman, which came in seventh place, Lebanon, which came in eighth place, Jordan, which came in ninth place, Iraq, which came in tenth place, followed by Yemen, which came in eleventh place, Tunisia, which came in thirteenth place, Algeria, which came in fourteenth place, and Egypt, which came in fifteenth place. https://economy-news.net/content.php?id=58784
A Slight Decrease In Basra Crude Prices
Thursday, August 14, 2025, | Economic Number of reads: 257 Baghdad / NINA / Basra Heavy and Medium crude oil prices fell on Thursday by more than one dollar.
Basra Heavy crude prices fell 92 cents, or 1.40%, to reach $64.65, while Medium crude prices fell 92 cents, or 1.34%, to reach $67.90.
Oil prices rose slightly today, regaining strength after a wave of selling in the previous session, with risk premiums rising in the market due to the upcoming meeting between US President Donald Trump and his Russian counterpart Vladimir Putin. Brent crude reached $65.91, while US crude reached $62.89. / End https://ninanews.com/Website/News/Details?key=1246311
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