Iraq offers 30% discount to diversify oil exports
Gold prices in the UAE have risen noticeably amid declining bond yields and anticipation of the Federal Reserve's meeting minutes, despite the continued global decline in gold prices and slowdown in shipping activity through the Strait of Hormuz. This comes amidst a reluctance among shipping companies and escalating tensions in global markets, which increases demand for gold as a safe haven. These developments are indicative of investors pivoting towards safe assets amid worldwide economic pressures.
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