Iraq’s gold prices are projected to reach record highs in 2025, influenced by global economic shifts and trade conflicts. Analysts foresee gold prices may exceed $3,000 per ounce due to these factors. Additionally, local gold prices could surpass 650,000 IQD per mithqal, reflecting trends in international markets and the stability of the local dollar exchange rate.
In 2025, Iraq’s gold prices are anticipated to hit historic highs, spurred by escalating global economic conditions and trade disputes, according to economic analyst Mohamed Al-Hasani. He noted that these developments, particularly since former U.S. President Donald Trump’s tenure, drive both investors and nations towards gold as a safe-haven asset. Al-Hasani predicts that global gold prices might exceed $3,000 per ounce if such trade conflicts continue, although the U.S. dollar’s strength may limit this growth.
Due to stable parallel market exchange rates, prices for 21-carat gold in Iraq may surpass 650,000 IQD per mithqal (approximately 4.25 grams) within the current year. Local jewelers determine these rates by factoring global market prices along with the local dollar exchange rate. As a result, Iraq has mirrored the rising global gold prices, with mithqal values recently topping 600,000 IQD.
This article discusses the forecasted surge in gold prices in Iraq, influenced by global economic trends and trade conflicts. The context of the U.S.-China trade war and its implications for investors seeking stable investments in gold is highlighted. The discussion includes how local gold prices are affected by international market dynamics and currency exchange fluctuations, offering insight into the economic landscape of Iraq regarding precious metals.
In summary, Iraq’s gold prices are on track to reach unprecedented levels in 2025, driven by global economic shifts and persistent trade tensions. The analysis reveals that as the demand for gold as a secure investment rises, local prices will adjust correspondingly, influenced by both international pricing and local market conditions. This suggests a potential protective measure for investors amid economic uncertainty.
Original Source: shafaq.com
