27460
Azadi Coin Higher
Economy, Business And Markets

Azadi Coin Higher

Azadi gold coin rose slightly on Tuesday as gold prices surged in global markets. By 2:20 pm the benchmark coin was sold at 9.29 million rials ($310 ) or .65% up from yesterday’s close.
Gold prices were up slightly in London on Tuesday, but remained under pressure amid weak physical demand for the yellow metal. Spot gold was up 0.1% at $1,137.26 a troy ounce in morning European trade.
Market participants interpreted last week’s weak US jobs data as an indication the  Federal Reserve is likely to keep interest rates lower for longer, a bullish sign for gold and other commodities. Gold has so far struggled to rally past the psychologically important level of $1,150 a troy ounce on concerns over physical demand.
Investors have been buying through gold-backed funds in the past two weeks. Holdings rose 0.5 metric ton to 1,531.8 tons as of Monday, near the highest level since July, data compiled by Bloomberg show. Among other precious metals, spot silver was up 0.5% at $15.690 an ounce, spot platinum was up 0.6% at $920.00 an ounce and spot palladium was up 0.5% at $696.00 an ounce.

 

Short URL : https://goo.gl/qEwK3T
  1. https://goo.gl/jSR1pm
  • https://goo.gl/4rPDDc
  • https://goo.gl/QWEpyJ
  • https://goo.gl/vmXPaq
  • https://goo.gl/vTuejS

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus