Business And Markets

Forex, Gold Spiral Upward

Forex, Gold Spiral Upward
Forex, Gold Spiral Upward

After two successive declines since the beginning of the business week on Saturday, forex rates jumped again on Monday driving up gold prices. 
The US dollar was traded at 259,000 rials in Tehran’s open market, up 4,000 rials or 1.6% over the session before. It hovered slightly above the critical 260,000 rials on Saturday, losing 2.4% in two days before paring much of the losses on Monday. 
Currency prices retreated in the beginning of the week following positive reports about talks to revive Iran’s 2015 nuclear deal. 


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