Economy, Business And Markets

Gold Rebounds

Gold ReboundsGold Rebounds

The Azadi Bullion coin made a rebound from a 10-month low, as lower prices spurred more buying. After three consecutive days of decline, Azadi went up by 0.61 percent, and hit 9,055,000 rials at 1512 GMT. Azadi broke below the nine million-rial mark on Tuesday. The dollar also advanced by 0.12 percent to 32,610 rials. The way gold and the dollar move in tandem against the rial may point to a general unease regarding the pending nuclear talks between Iran and the West.