Gold and Silver Prices: What to Expect in the Coming Days

Following the announcement of a nuclear agreement between the United States and Iran, gold and silver prices in Kurdistan and global markets have seen significant increases. Analysts warn that this upward trend could continue, depending on market and political developments.

The price of one mesqal of 21-karat gold rose to 1,065,000 Iraqi dinars, marking a rapid increase of 50,000 dinars from the previous day. Silver also surged, reaching $2,600 per kilogram, up from $2,400 before the agreement. Experts attribute these spikes to increased buying activity as investors respond to currency fluctuations and rising demand for safe-haven assets.

Financial specialists say that some investors buy gold as a short-term hedge, anticipating that the dinar may strengthen against the dollar. Others see the surge as a signal to sell, taking advantage of higher prices. Silver’s sharp rise also reflects its close connection to political stability, as markets respond quickly to global developments.

Analysts outline three scenarios for the future gold market:

1. Sustained Agreement: Prices stabilize under the stress of post-agreement uncertainty, and market fluctuations settle within two weeks.
2. Agreement Breakdown: If the deal fails, prices could rise further, as investors seek safe-haven assets.
3. Final Settlement: If the agreement leads to a lasting resolution, it may continue its upward trajectory, reflecting renewed confidence.

For silver, analysts link price movements to political outcomes. If the conflict fully resolves, silver could gradually reach $83–$85 per ounce. However, a drop below $73 per ounce could signal larger declines and renewed market risks.

Current market prices in Kurdistan are:

• One ounce of gold: $4,790
• One mesqal of 22-karat gold: 1,071,000 dinars
• One mesqal of 21-karat gold: 1,023,000 dinars
• One mesqal of 18-karat gold: 876,000 dinars
• One ounce of silver: $73

Investors are advised to monitor developments closely, as political agreements and currency fluctuations continue to influence gold and silver markets.