Iraq ranks 38th with the largest gold reserves in the world

by **claud39** Wed Aug 05, 2020 1:47 pm

Iraq ranks 38th with the largest gold reserves in the world

2020-08-05

Iraq ranks 38th with the largest gold reserves in the world 1596091977938

Shafaq News / The World Gold Council announced today, Wednesday, that more than 35 thousand tons of gold are held by the world, indicating that Iraq ranks 38th in the world with the largest gold reserves.

The Council said in its last report during the current month of August, which was seen by Shafaq News, that "the world's possession of gold as reserves for these countries amounted to 35 thousand and 17 tons," noting "the rise of these reserves from 2019, which amounted to 34 thousand and 300 tons" .

The council added that "the United States ranked first in its possession of gold reserves at 8 thousand and 133 tons, followed by Germany in second place with reserves of 3,363 tons, and then Italy comes third with reserves of 2 and 450 tons."

He added that "Iraq ranked 38th with the largest gold reserves in the world with an amount of 96.3 tons, which is equivalent to 8% of its reserves from other currencies, while it ranked fifth in the Arab world after each of Saudi Arabia, Algeria, Lebanon and Libya."

https://shafaaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AD%D8%AA%D9%84-%D8%A7%D9%84%D9%85%D8%B1%D8%AA%D8%A8%D8%A9-38-%D8%A8-%D9%83%D8%A8%D8%B1-%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A-%D9%84%D9%84%D8%B0%D9%87%D8%A8-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85

by **claud39** Wed Aug 05, 2020 3:35 pm

Experts: Silver will outperform gold

05/08/2020

Iraq ranks 38th with the largest gold reserves in the world %D9%83%D9%8A%D9%81%D9%8A%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AE%D8%B1%D8%A7%D8%AC-%D8%A7%D9%84%D9%81%D8%B6%D8%A9-696x340

Iraq ranks 38th with the largest gold reserves in the world %D9%83%D9%8A%D9%81%D9%8A%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AE%D8%B1%D8%A7%D8%AC-%D8%A7%D9%84%D9%81%D8%B6%D8%A9-696x340

Information / follow-up ..

Gold prices settled today above the level of $ 2000 an ounce, recording the highest level in history, amid expectations that the demand for safe havens will continue in light of the Corona crisis.

Analysts say the demand for safe havens will continue, and it is expected that the demand for silver will exceed the demand for gold in the future.

They added that gold prices have risen so far since the beginning of this year by more than 32%, and they are on the way to recording the best price in a year since 1979, and that silver is following gold, as silver prices have risen by more than 30% this year.

As the global economy recovers, the demand for silver will increase, due to the increased industrial consumption of the metal, which has many industrial uses, said Michael Hsue, commodity and foreign currency analyst at Deutsche Bank.

The expert expected gold and silver prices to continue to rise this year.

In terms of trading, the gold ounce was traded in futures contracts, at 14:50 Moscow time, at 2056 dollars, an increase of 1.75% over the previous closing price.

The spot gold contracts amounted to $ 2041.92 per ounce, an increase of 1.12% over the previous settlement price.

Silver futures rose by 3.81% to $ 27.02 an ounce, while spot silver contracts rose by 3.26% to $ 26.86 an ounce, according to "Bloomberg"

data. 25 h has ended

https://www.almaalomah.com/2020/08/05/488514/