Dollar, Gold and Coin Markets Forecast / A Look at the Financial Markets 28 May 1401

According to Tejarat News, today, after a drop of 11,046 units, the total index stood at 1,594,000 units. On the other hand, the price of the national exchange dollar was accompanied by a relative decline, and the gold and coin market experienced a downward trend.

Is the Bitcoin market over?

Although it is possible that Bitcoin It will fall even further, but experts believe that according to statistical data, bitcoin is already undervalued.

A cryptocurrency market analyst known as DonAlt believes that Bitcoin is preparing for an uptrend in the next three months. Because this digital currency has built good floors and the bitcoin dominance has reached an acceptable level for growth.

Of course, this analyst has not ruled out the possibility of a market collapse. “Bitcoin is very likely to have a big drop ahead,” he said at his strategy meeting. But it is not unlikely that the trend will change suddenly and grow to $ 58,000.

Forecast the stock market tomorrow

At the end of trading ExchangeToday, the total index, after falling by 11,046 units, stood at 1,594,000 units. Also, the total homogeneous index decreased by 0.69 percent.

“The stock market is positive in the long run,” Mohammad Khabarizad, a capital market expert, told Tejarat News.

He added: “Several components affect the forecast of next week’s transactions.” In the first place, the profitability of the refining industry must be determined. It is also rumored that the industry publishes its financial statements regardless of current prices and on account, if this is done, it may affect the overall situation of the stock market.

Gold Prediction

Maryam Mohebbi, a financial markets expert, told Tejarat News: “In the gold market, despite witnessing a decline in the global ounce due to the adoption of the Federal Reserve’s contractionary policies, we have seen an upward trend in the domestic gold, coin and molten gold market.”

He explained: “This issue stems from the increase in the price of the dollar in the country.” As long as we see the dollar rising in the domestic market, domestic gold is also on the rise.

Borzoo Haghshenas, another financial markets expert, said: “I think the global ounce will have an uptrend in the medium term, unlike other markets, which have declined due to the Federal Reserve’s contractionary policies and lower interest rates, in which case domestic gold will grow higher than the dollar.”

“If global ounces increase, domestic gold will grow more than the dollar,” said Borzoo Haqshenas, another financial markets expert.

Dollar forecast

Regarding the recent trend of the dollar, Mohebbi said: The increase in the price of consumer goods, especially food, the elimination of 4,200 Tomans and the news that there is a possibility of price increase in various sectors will increase inflation expectations.

He continued: “Inflation expectations themselves are one of the factors that can play a key role in shaping inflation, so the issues mentioned earlier make people seek to turn their assets into safer assets.” The fact that the dollar has risen in recent days stems from factors that have raised people’s inflation expectations in society.

Mohebbi stated: It is expected that the price of the dollar will decrease if corrective measures are taken by the government.

Regarding the impact of the global market, the expert said: “In global markets, due to the Federal Reserve’s tight contractionary policies, we are witnessing an increase in the value of the dollar in the international community, and this increase will spread to Iran.”

He stated: Therefore, two important issues have been influential in increasing the price of the dollar; Rising inflation expectations in society and rising dollar prices globally.

Mohebbi predicted: This trend is expected to continue next week and we will see currency fluctuations. Unless the government offers final and fundamental solutions to control the rate. The only way to stop the dollar from rising right now is for the government to take corrective action.

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