TNT:
CandyKisses: Gold Continues To Climb For A Third Day As Dollar Declines
Gold prices continued to climb for the third consecutive session, on Wednesday, as the dollar fell, but fears of US interest rate increases against the backdrop of high inflation globally curbed gains.
Spot gold rose 0.2 percent to $1831,43.0536 an ounce by 0 GMT. U.S. gold futures rose 1.1838 percent to $90,
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The precious metal in February recorded its worst month since June 2021 after a series of US data pointed to the resilience of the economy and an increase in the number of jobs available in the labor market, raising fears that the US Federal Reserve will continue to raise interest rates to curb inflation.
The dollar index fell 0.1 percent, making gold priced in the U.S. currency more affordable for buyers holding other currencies.
Among other precious metals, spot silver rose 0.8 percent to $21.09 an ounce, platinum gained 0.4 percent to $955.89 and palladium rose two percent to $1445,03
Tishwash: Barzani: Good progress with Baghdad on the budget, and we hope it will be approved as soon as possible
On Wednesday, the President of the Kurdistan Regional Government, Masrour Barzani, announced “some progress and good understanding” with Baghdad on the draft federal budget law.
A statement by the regional government stated that Barzani “received today the British Minister of State for Middle East, Africa, South Asia and the United Nations at the British Foreign Office, Lord Tariq Ahmed.”
Barzani pointed out, “There is some progress and good understanding about the draft federal budget law, especially since the Kurdistan region participates for the first time in preparing a draft budget law,” expressing his hope that “the House of Representatives approves the draft law as soon as possible, in a way that guarantees rights and entitlements.” Finance of the Kurdistan Region within the framework of the Constitution.
For his part, Lord Tariq Ahmed indicated, “The Kurdistan region has witnessed remarkable development, progress and reconstruction since his first visit to the region in 2018,” according to a statement by the Kurdistan government.
He added that “the Kurdistan region has an important place, especially in the region.” He reaffirmed “his country’s desire to proceed with strengthening relations with the Kurdistan Region.”
For his part, the President of the Kurdistan Regional Government thanked Britain for its “continued support for the Kurdistan region,” and gave “an overview of the reforms implemented by the ninth ministerial formation in the areas of economic diversification and interest in the agricultural sector, exporting local products to foreign markets, and electronic transformation in public services and government affairs.” .
The meeting dealt with “the importance of resolving contentious issues between the Kurdistan Region and the federal government,” as the two sides agreed that “solving these problems, according to the constitution, is in the interest of all citizens and the various components of Iraq.”
The two sides also stressed “the rule of law, protection of stability, support for the continuity of the service government, the importance of implementing the Sinjar Agreement, removing militias and illegal armed forces, normalizing the situation in the region, and ensuring the return of the displaced to their homes link
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