Dollar price drop on the day of negotiations between Paris and Abu Dhabi; Does the fall of gold and coins continue?
Nada Momin.
▫ The foreign exchange and gold market followed its transactions today, Tuesday, November 19, 1405, in a situation where the simultaneous drop in oil prices, the drop in the global ounce of gold and the publication of new news about political developments and negotiations, led to the retreat of prices in the local and global markets.
▫ Aside from the political developments, there are signs of continued diplomatic efforts to reduce tensions between Iran and America. Then the Al-Arabi channel announced the presence of Qatar's foreign minister at a meeting on Iran in Paris. Qatar's announcement that it received positive responses from Tehran and Washington to the mediation efforts indicates the continuation of diplomatic ways.
▫ At the time of writing the report, the price of the free dollar reached 261,600 tomans after retreating from the 265,000 toman channel last day and registered a decrease of 1.32% with a drop of 3,500 tomans.
▫ On the other hand, the start of tripartite talks between Russia, America and Ukraine in Abu Dhabi can also indirectly affect global and local markets.
Full report on the Echo Iran website.