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Gold, Currencies Under Pressure

Gold, Currencies Under PressureGold, Currencies Under Pressure

Forex and gold prices continued to fall on Wednesday in Tehran. The Emami gold coin lost 3.42% and was priced at 117 million rials.
Half Bahar Azadi plunged 5.74% to 61 million rials. The coin had closed Tuesday trade at 64.5 million rials. A quarter Bahar Azadi gold coin lost 1.5 million rials and was traded for 43 million rials, according to Eghtesadnews website. 
Gold coin prices in Iran almost always move in tandem with foreign exchange rates, though at times are also impacted by prices in the international bullion market. 

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