Gold price forecast today, January 1, 1999

According to Tejarat News, the price of 18-carat hot gold in the open market was traded at 1,137,000 tomans yesterday. Also, each coin of the new Azadi spring reached 11 million and 770 thousand tomans. But what are the forecasts for the price of gold and coins today?

According to Ebrahim Mohammadoli, president of the Tehran Jewelry Union, calm has returned to the gold market for about 15 days. It is predicted that as we approach the end of the year, the gold market will remain calm and the price of gold will remain stable. If the foreign exchange market is controlled today, the price of gold is in the range of one million and 138 thousand tomans.

The world of economics also wrote: The coin was able to resist the price reduction in December and increased by about 0.4 percent. Coin operators appear to be somewhat optimistic about the future growth of an ounce of gold, and expect the price of gold to move to higher levels with the passage of a support package in the United States.

However, the coin will need wings and the help of dollars if it wants to experience a significant increase. Without the increase of the dollar, it is difficult for the coin to return even above 13 million tomans, which was the price of this precious metal at the end of the summer.

In addition, in the stock market, the situation changed slightly in December and the overall stock index showed an upward behavior. With these descriptions, it can be said that the trend of the end of autumn indicated more about the possible strengthening of the stock market and coins against the dollar.

Read the news related to gold in the dedicated page of currency and gold trade ‌news.

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