The global ounce decreased by 1.2% to 2652 dollars, 18 carat gold decreased by 2.48% to 4 million 338 thousand tomans and coins decreased by 3.38% to 48 million 275 thousand tomans.
2. Red alarm for the price of gold: The gold and coin market has been accompanied by a price decrease in recent days; The process that started following the fall in the exchange rate and the decrease in the global price of gold. Experts believe that the decrease in demand and the downward trend in the currency market are the most important factors determining this downward path. Now that the support levels have been lost in the market, this bearish trend is expected to continue in the coming days.
3. Global gold lost strength: While global gold had a turbulent week with a sharp drop in price, the beginning of the new week was accompanied by a significant drop. Experts identify factors such as the clarification of the results of the American elections, the strengthening of the dollar index, the increase in the yield of treasury bonds and the cautious signals of the Federal Reserve as the most important reasons for this downward trend.
4. The price of coins is riding a downward wave: with the arrival of 1403 minted coins in the market, the coin bubble has decreased and reached only 14%. At the same time, the decrease in the price of currency and the drop in the price of global gold has also caused a decrease in the price of coins in all parts. Consecutive loss of support levels is a sign of continued downward trend in the coin market for the coming days.
5. The end of the hot days of the dollar price: the downward trend of prices in the currency market continues. Experts believe that the decrease in market excitement, the absence of political stimuli, as well as Rafael Grossi's trip to Tehran, are the main factors guaranteeing this downward path. In addition, the statements of the governor of the central bank about the significant foreign exchange and gold reserves have also helped calm the market and reduced concerns.