Forex, gold coin, stock exchange markets in past week

TEHRAN- Jamal Razaghi, the head of Shiraz Chamber of Commerce, Industries, Mines, and Agriculture, has investigated the status of forex, gold coin, and stock exchange market in Iran during the past Iranian calendar week (ended on Friday). What follows is a glimpse of his investigation.

Gold coin and forex markets started last week with a downward trend, despite the fact that several other petrochemical companies were included in the sanctions list.

What the foreign currency exchange market players had predicted from the U.S. election process was the fall in the price of the dollar and the prolongation of sales queues, so that the price of the dollar reached nearly 270,000 rials on Saturday.

The price of gold coin, following the dollar on Saturday, decreased by 6,000 rials to less than 130 million rials (about $3,95).The atmosphere in the domestic financial markets is emotional due to the increase in uncertainties, and with the […]

Click here to view original web page at www.tehrantimes.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.