Currency and Gold Move Higher, Rial at New Lows

Forex rates hit new highs at Tehran’s unofficial currency market on Wednesday carrying with it the bullion market. 
The US dollar briefly touched the psychological 300,000 rials in the middle of the day before retreating slightly, marking the highest since December. The American currency settled at 299,000 rials at the close of the session, up 1.6% or 3,000 rials on Tuesday.
The greenback has vacillated between 270,000-280,000 rials for weeks before pushing higher since the beginning of the trading week on Saturday.