Business And Markets

Forex and Gold Halt Rise

Forex and Gold Halt RiseForex and Gold Halt Rise

Gold prices and foreign exchange rates retreated on Wednesday after rallying for two consecutive sessions.
The dollar lost 3.14% or 8,000 rials, and was quoted at 255,000 rials in Iran’s open markets. The UAE dirham was down 3.4% while the euro and UK pound sterling lost 0.61% and 1.12%, respectively. 
The greenback had gained 5% in two straight sessions triggered by the Majlis decision to suspend all commitments stipulated in the Iran nuclear deal with six world powers in 2015 officially known as the Joint Comprehensive Plan of Action. 


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