Currencies and Gold Stumble

Currencies pulled back against the rial on Monday in Tehran’s market though some of the losses were pared later.
The dollar briefly fell below the psychological 270,000 rials in the early hours of trade and was traded more than 2% lower. The greenback crept back later to 271,000 rials, closing the session 1.5% or 4,000 lower.
The euro was the biggest loser and plunged 2.5% or 7,980 rials to fetch 317,550 rials and the UK pound sterling lost close to 2.3% or 8,460 rials to buy 372,520 rials. The UAE dirham logged the smallest loss and was tagged at 7,470 rials, down 0.7% compared to Sunday.