The gold market floor lost the war.
Audio version.
▫ The gold, coin and coin markets were down today; The dollar fell by 5 thousand tomans and returned to the level of 265 thousand tomans, the currency fell back by 4 million tomans to 249 million and the melted gold shekel reached the level of 106 million tomans. In the foreign exchange market, the increase in the variety of rates and the distance between buying and selling prices attracted attention.
▫ But the story does not end with the drop in prices; Comparing the returns of the markets since the beginning of the 40-day war shows that, contrary to expectations, gold lagged behind the stock market and the overall stock index gave investors the highest returns. Why couldn't the traditional haven of capital prevail during the war?
▫ In "Cape Bazaar" today, Sunday, 24.11.1405, see:
00:49 Gold, coins and coin market trend.
02:21 Important levels of gold and coins.
06:23 Why did gold lose the war?
18:05 Performance for the year of the markets.
21:04 Important news from the market.
22:59 Price peg, transfer in dollars, gold and currency market and rejection of money transactions.
26:38 The connection between artificial intelligence and gold.