According to the latest news received from the field of gold and Currency, it seems that the process of reducing the price of gold and dollars in Iran has begun. We are in a very tense day politically. The gold and foreign exchange markets are not offered for investment at all, and only the perspective of these two strategic commodities is examined in this analysis. Please stay with Artan Press until the end.
*** The possibility of increasing the cross-sectional price of the Currency rate
At the heart of falling dollar and gold prices, there has always been a momentary and unexpected rise that has made the nature of this market very risky. As we approach the inauguration of the new US president and Trump’s unexpected behavior, we will most likely see a sharp but sharp rise in the exchange rate.
The gold and dollar markets are also experiencing a continuing downward trend in these markets, as can be seen from the national exchange board; The selling rate of dollar banknotes has so far decreased by -150 and Euro-500 tomans; The Tehran Gold Traders’ Union has received the news that the coin has dropped by 600,000 Tomans from morning till now.
*** Cross-sectional price increase with the new steel pricing method
In the steel market, however, some are looking to catch fish from the muddy i. The new steel pricing policy has raised prices for a while, but has created trading on a transparent exchange platform. This has removed a severe rent from the steel market, which has made the move unpleasant for some. Therefore, despite the fact that some activists in this market are trying to attribute the red cover of this market to the actions of the Minister of Silence by creating espionage against the regulation of the market; But the reality of market trends shows a decrease in inflation expectations and pressure on the exchange rate in the opposite direction of this market.
Perhaps if it is claimed that some kind of market maker in these negative conditions prevailing in all markets, is trying to prevent the emotional decline of the foreign exchange market and the consequent occurrence of some problems for the export market of Iran and exporters; Do not exaggerate.
The events of the US Congress were enough to shock the financial markets in the world and of course Iran. The dollar, which until yesterday longed for successive border crossings and was going to climb the ladder, gradually fell with the news of accepting Trump’s defeat and the consequent reduction of maximum pressure from Iran.
*** Currency out of the channel is 25 Tomans
It was news of this kind that caused the National Exchange, which reduced the price of the dollar to 300 Tomans at the beginning of the day, to the rate of 25,500 Tomans in the middle of the day, and ended the previous week’s transactions. Against the dollar in the open market is still in flux and experienced up to 25,450 tomans. However, overnight traders still do not stop trying and there is a small possibility of an increase. But in the new week, the price of the dollar is preparing to leave the channel from 25 thousand tomans to 24 thousand tomans.
The inflammation that prevailed before the US election due to the maximum pressure on Iran has subsided and the bubbles that formed are breaking. With the easing of tensions in the United States, relative calm will gradually return to the global economy in the future, the supply of gold will increase, and inflammation in various markets will not arise to strengthen the value of the dollar, and in the Iranian economy is not without effect.
Tehran Stock Exchange Total Market Index; Under the heavy atmosphere of reduced inflation expectations and some expectations for a decrease in the exchange rate and the subsequent negative outcome on dollar symbols; It has been declining for some time; Today, the total index of this market, along with 24,300 negative units, has reached the floor of 1,286,000 units again.
*** New Bitcoin record and gold fall
On the last day of the global market, Bitcoin also rose and broke again. In contrast, gold fell $ 1900 overnight, falling below $ 1900, and falling $ 100 for the week as a whole. The price of Brent oil also reached more than $ 55, which indicates that the demand will improve in the coming days.
In the last days of the week, the gold market fever subsided and fell below the level of $ 1,900 Browns. The strengthening of the dollar and the rate of return on US bonds are the most important factors in the growth of gold prices in world markets. Meanwhile, there is still strong support from the US support package for the gold market.
In the short term, gold prices are looking for a catalyst for growth that predicts rising inflation as a result of economic stimulus and rising bond yields will accelerate the growth of the gold market. Silver belongs to the February 2021 delivery contracts.
*** The stock market is the only losing market in the last week
The return of various markets in the week ending December 10, 2016, showed the lead of the gold and coin market with a growth of 1%. The overall stock market index was down for the second consecutive week and fell by 6% to 1,310,000 units. The Ministry of Silence’s comments on steel pricing and the political tensions in the region and the United States were among the most important factors in creating selling pressure on the stock exchange.
The dollar and the euro also fell for the second week in a row, falling 0.3 percent and 0.2 percent, respectively. The world price of gold fell sharply due to the jump in US bond yields and the strengthening of the dollar. The fact that Democrats were able to take control of the US Senate also increased the likelihood of approving a larger coronary aid package, boosting interest on 10-year US bonds.
In the past week, the stock market was the only loss-making market, with gold investors making the most profit. This week, the trend of the foreign exchange market with a slight upward slope, and thus the return of the dollar reached 0.3 and the euro 1 percent. Meanwhile, the stock market was the only negative market last week, during which time the capital market index fell 2.6 percent.
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