By John Lee. Iraq made its first major move in years to boost its gold reserves, joining central banks from emerging market economies such as Brazil and Russia in diversifying its foreign reserves. According to a report from the Lebanese Daily Star, central bank purchases have been one of the biggest drivers of gold's rally […]
By John Lee. AKnews reports that gold imports into Iraqi Kurdistan have hit 34 tons during the first seven months of the year. The increase in imports coincides with a surge in jewel and gold stores in the region’s three main cities. Of the total, 12,376 kilograms were imported through Erbil International Airport, with 22,384 […]
According to Iraq's own data, aside from possessing the world's second largest crude oil reserves, the country also possesses important gold and diamond reserves. The Iraqi government is thus hopeful that gold mining can be an increasingly profitable venture for the country. According to officials in Baghdad, Iraq has huge gold producing potential. Nevertheless, senior […]
With gold recently hitting highs of nearly $1,400 per ounce, an armed raid on a row of goldsmiths' shops in Baghdad has left at least nine people dead. The gunmen used hand grenades and small arms to kill three gold shop owners in a market in the Mansour district of western Baghdad, an Interior Ministry […]
