🚨🌟 IQD RV IS COMING, PATRIOTS! THE TIME IS NOW! 🌟🚨 #iraq #iraqidinar @DI...

Gold Heads For Second Weekly Loss.. What About Other Metals?

 Gold Heads For Second Weekly Loss.. What About Other Metals?

Stock Exchange   Gold prices fell on Friday, heading for a second weekly loss, as safe-haven demand was impacted by the ceasefire between Israel and Iran and progress on the US-China trade deal, while investors awaited US inflation data.

Spot gold fell 1.2% to $3,288.55 per ounce by 06:43 GMT. The yellow metal's price has fallen 2.3% so far this week.   US gold futures fell 1.4% to $3,300.40, according to Reuters.

"The market seems very bullish on risk assets, so that is impacting gold prices," said Soni Kumari, a commodities economist at ANZ.

Kumari added that the de-escalation in the Middle East following the ceasefire and progress in US-China trade talks reduces market uncertainty, leading to further price declines.

Iranians and Israelis welcomed the return of normal life after 12 days of the most violent confrontation ever between the two sides, which ended with a ceasefire that took effect on Tuesday.

A White House official said Thursday that the United States has reached an agreement with China on how to expedite shipments of rare earth minerals to the United States amid efforts to end the trade war between the world's two largest economies.

Investors are awaiting US core personal consumption expenditures data, due at 12:30 GMT, for further clarity on the Federal Reserve's monetary policy outlook. Analysts polled by Reuters expect a 0.1% monthly increase and a 2.6% annual increase.

Markets currently expect interest rates to be cut by 63 basis points this year, starting in September.

US President Donald Trump says slowing inflation means the Federal Reserve should cut interest rates, but only two US central bank policymakers have so far indicated they are considering a rate cut at the central bank's July meeting.

Among other precious metals, spot silver fell 0.5% to $36.44 per ounce, platinum fell 2.8% to $1,378.18 after hitting its highest level in nearly 11 years, and palladium rose 0.3% to $1,135.36, its highest level since October 2024.   https://economy-news.net/content.php?id=56697

TIDBIT FROM SANDY INGRAM

 Sandy Ingram  

Iraq is about to pull off something huge.  The World Bank just approved a whopping $930 million loan to overhaul Iraq's railways, a move that could reshape not just the country but the whole region...

This isn't just about trains.  This is Iraq's shot at becoming the main gateway between the Gulf and Europe.   They call it the southern corridor.  Some of us may know it as the Development Road Project.

  Think of it as a super highway for both cargo and people...This puts the country on the make as a key trade link between continents...Construction kicks off soon...

#iraq #iraqidinar @DINARREVALUATION SANDY INGRAM: These are factors that will drive the value of the IQD up.!! #iraq #iraqidinar

 

Planning Reveals The Contents Of The Third Poverty Reduction Strategy

 Planning Reveals The Contents Of The Third Poverty Reduction Strategy 

Economy |  06/27/2025   Mawazine News - Baghdad -  The Ministry of Planning revealed, on Friday, the contents of the third anti-poverty strategy for the years 2026-2030.

Ministry spokesman Abdul Zahra Al-Hindawi said: "The Higher Technical Committee, headed by Deputy Prime Minister and Minister of Planning Mohammed Tamim, approved the third anti-poverty strategy for the years 2026-2030, during its meeting held at the end of last week." He pointed out that "the approved strategy will be submitted to the Council of Ministers for approval in its final and official form, to enter into force from early 2026 until the end of 2030."

He added that "the strategy includes seven main axes, from which more than 38 activities spread across various sectors emerge. These axes focus on supporting the poor and vulnerable groups in the following areas: health, housing, education, income and food, in addition to the care of the elderly and people with disabilities, children and women's empowerment, and dealing with the effects of climate change and confronting emergencies such as epidemics and others."

He pointed out that "the Ministry of Planning has developed general policies, plans, and procedures, while the implementation of activities will be undertaken by relevant sectoral bodies, such as the Ministries of Construction and Housing, Education, Higher Education, Labor and Social Affairs, as well as local governments and the private sector, which is a partner in the Supreme Technical Committee, as well as the Ministry of Health, the General Secretariat of the Council of Ministers, and the Kurdistan Region."

He explained that "the strategy aims to reduce the poverty rate in Iraq by 50% over the next five years, from the current 17.5% to between 8-9%, and if it succeeds in achieving this, it will be considered a major achievement."   https://www.mawazin.net/Details.aspx?jimare=263149

WOLVERINE UPDATE: It’s finally happening.

Fri. 27 June 2025 Wolverine

“Guys we are ready. Ready to go. Keep your eyes on the 4th July or earlier.

 Keep your eyes on your emails as well.

 It’s finally happening. God bless. Your friend and servant. Wolverine” (from his hospital bed.

 He just had an operation).

FIREFLY: the dinar is gaining against the dollar in our country.‪@DINARREVALUATION‬ #iraq #iqd