An increase in the price of the dollar in the shadow of the political news; Why didn't gold become more expensive?
Nada Momin.
▫ The currency market was accompanied by a price increase on the first trading day of the week and the free dollar returned to the channel of 270 thousand tomans.
▫ This increase occurred in a situation where uncertainty regarding the future of negotiations between Iran and the US, concern about the escalation of political tensions and news related to trade restrictions reinforced cautious expectations in the currency market.
▫ On the other hand, despite the growth of the dollar, the gold market is still on a downward trajectory under the influence of the drop in the global ounce.
▫ Azad dollar reached 270 thousand 900 tomans on Saturday. While last Thursday 267 thousand 100 tomans were traded. Thus, the dollar made up for part of its previous decline with an increase of 3,800 tomans equivalent to 1.42%.
Full report on the Echo Iran website.