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Dollar Falters, Gold Loses Luster

Dollar Falters, Gold Loses Luster Dollar Falters, Gold Loses Luster

Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran. 
The US dollar lost 12% to fetch 277,000 rials in the open market. Bank-affiliated moneychangers pulled the dollar to as low as 266,510 rials earlier on the day, but later increased it to 275,500 rials, still 12% or 33,420 rials lower compared to the day earlier. 
Melli Exchange, affiliated to Bank Melli Iran, quoted the euro at 328,500 rials. The British pound was worth 361,480 rials, down 12.19% compared to Monday's close. 

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