The bloody market week ▫ The global market became risk averse last week and we are witnessing a bloody week in the markets; From gold and silver to cryptocurrencies, they all followed a fall. ▫ The global price of gold on Friday fell by more than three percent to the $3,800 channel, and the price of silver on that day was more than 6% of its value and reached $48.
Concerns about AI in an environment where expectations for interest rate hikes from the Federal Reserve have risen have fueled this risk aversion. ▫ In addition to these two factors in the cryptocurrency market, the largest hack in the history of the Binance exchange also played a role in the decline of the cryptocurrency market. The price of Bitcoin dropped to $76,000 and has now recovered from this level. ▫ In this space, industrial metals were also red, but they still performed better than precious metals. The price of copper fell more than 1% from an all-time high to $6.46 a pound. ▫ In the local market, gold and coins were accompanied by the fall of global gold and the price of each gram of 18 carat gold went to the bottom of 25 million. The price of the Imami coin also lost 260 million. The link of this program is in the mechanism.