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Economic Media Center: the drop in oil prices and the decline in the price of gold behind
11/20/2014 10:54 GMT
Follow-up - and babysit - The Economic Information Center, said that the decline in gold prices was the result of an indirect oil price decline.
He said Dergham Mohammed Ali, head of the center in a press statement, "The drop in oil prices boosted the currency rates, especially the dollar, and raise development ceilings in consuming countries crude oil", arguing: "The rise in the US currency has led to the demand for currency and the loss of gold more attractive in the global markets, which led to a decline in demand and lower prices. "
He pointed out that "the price of gold in Iraq is going to decline to the fact that the Iraqi market is fully linked to the global market, especially since the monthly Muharram and Safar least two gold demand, which leads to a quasi-recession in its markets."
Gold prices fell on Wednesday, after the rise in value of the dollar last Tuesday night to the highest level in nearly three weeks. Q, Q
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11/20/2014 10:54 GMT
Follow-up - and babysit - The Economic Information Center, said that the decline in gold prices was the result of an indirect oil price decline.
He said Dergham Mohammed Ali, head of the center in a press statement, "The drop in oil prices boosted the currency rates, especially the dollar, and raise development ceilings in consuming countries crude oil", arguing: "The rise in the US currency has led to the demand for currency and the loss of gold more attractive in the global markets, which led to a decline in demand and lower prices. "
He pointed out that "the price of gold in Iraq is going to decline to the fact that the Iraqi market is fully linked to the global market, especially since the monthly Muharram and Safar least two gold demand, which leads to a quasi-recession in its markets."
Gold prices fell on Wednesday, after the rise in value of the dollar last Tuesday night to the highest level in nearly three weeks. Q, Q
[You must be registered and logged in to see this link.]
