Under the influence of the military actions in Iraq, the prices of gold and oil rose sharply

Gold prices on the London Stock Exchange jumped to new highs of $ 1,277 an ounce, gaining about 2.2 percent over the week, the best result since March, while Asian stock markets closed even higher after Iraqi insurgents captured cities near Baghdad. Silver strengthened at around $ 19.54 an ounce for the week, climbing 2.7 percent.

The British currency, the pound, meanwhile touched new 6-year highs just below $ 1.70 after the Bank of England said interest rates could rise "earlier than the market currently expects." Equity markets in Europe and the US have hit record highs, "analysts said in their latest monthly report.

In addition, during Friday prayers in Iraq, the country's most senior cleric, Ayatollah Ali al Sistani, called on Shia Muslims to arm themselves and defend themselves against Sunni insurgents linked to al-Qaeda.

Brent crude prices hit a three-year high, rising above $ 113 a barrel as ISIS troops entered cities near Baghdad.

The International Energy Agency in Paris said that if the invasion "does not spread further, Iraqi oil production is projected to rise to 1.2 million barrels a day by 2019. That said, futures contracts have so far been caught off guard by the news. on the advancement of al-Qaeda throughout Iraq.