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Gold rises in Iraqi markets
Gold prices in the local Iraqi markets increased at the start of the week, with the selling price of 21-karat Iraqi gold reaching 920,000 dinars per mithqal, and the purchase price at 916,000 dinars. Additionally, Gulf 21-karat gold prices ranged between 950,000 and 960,000 dinars per mithqal in jewelry shops. Global gold prices surged to record highs, supported by expectations of a Federal Reserve interest rate cut in September and increased economic and geopolitical uncertainty, which further boosts gold’s appeal as a safe haven for investors.
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