Central Bank: the rise in world oil prices and the decline of gold for the first quarter of 2018

by **RamblerNash** Thu Aug 02, 2018 9:53 am

Central Bank: the rise in world oil prices and the decline of gold for the first quarter of 2018

Thursday 2 August

Alsumaria News / Baghdad
, a report prepared by the Central Bank of Iraq on the global financial markets, rising global oil prices and the decline in gold prices in the first quarter of 2018. revealed

, said the report, seen by Alsumaria News, said : "Oil prices rose in the first quarter of 2018 Where prices reached 74.64 dollars in March, up from 70.53 dollars on January 24, "noting that" the rise comes as part of the ongoing efforts to rebalance the oil markets by the Organization of Petroleum Exporting Countries and non-oil exporting countries. "

"The spot price of gold rose slightly in January 2018, but fell at the end of March as it recorded 1317.70 an ounce," the report said, noting that "the decline is due to fluctuations in changing the expectations of investors on the path taken by the Federal Reserve on its monetary policy During the current year. "

The developments in the global financial markets in the first quarter of this year, the decline in the growth rate of GDP in the United States of America and its rise in Japan and China.

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