Forecast of dollar, gold and stock markets / 60 seconds with financial markets today, February 14th
According to Trade News, in today’s financial markets increase The price of the dollarCauses increase gold price And became a coin. In today’s stock trading, the index recorded a balanced overall path and did not fluctuate much.
Recent news of Russia’s invasion of Ukraine today pushed up the price of an ounce of global gold. The price of gold in world markets increased by about $ 30 and reached $ 1859 today.
The price of domestic gold, which had reached one million and 160 thousand tomans, returned to the channel of one million and 200 tomans this afternoon. In such a way that it was traded in the amount of one million and 203 thousand Tomans. After that, however, its price decreased again to some extent and returned to the channel of one million and 190 thousand tomans.
The price of gold in the Iranian market grew slightly due to fluctuations in world ounce prices and the dollar. Some analysts say the global ounce stood near the two-week high, at $ 1,826 an ounce.
The second vice president of the Tehran Gold Union says in this regard: The crisis in Ukraine is affecting the price of oil and the world’s population. The outcome of the negotiations also affects the price of gold in the Iranian market. Due to the crisis, there are too many variables to predict the price of gold, so it is not possible to make an accurate forecast for next week.
Why did Bitcoin spill?
The cryptocurrency market collapsed following the collapse of the US Nasdaq stock exchange, and now bitcoin is trading in the range of $ 42,000.
The main reason for the market collapse is the possibility of an imminent war between Russia and Ukraine.
Rising tensions on the Russian-Ukrainian border have hit markets hard, with oil hitting an all-time high of $ 95. The US Department of Defense announced yesterday that Russia may attack Ukraine in the coming days. The war is fueling inflation, and it was announced yesterday that US inflation has reached its highest level in 40 years.
Rising inflation in the United States is putting pressure on the Federal Reserve to raise interest rates, which is causing high-risk assets to be sold quickly.
On the other hand, tensions between Russia and Ukraine have pushed oil to $ 95, which is a negative signal for rising inflation and, consequently, the market. Officials from Germany, Russia, Ukraine and France met in Germany yesterday, which German newspapers say was fruitless.
Is the dollar getting cheaper?
“The dollar is at a historic juncture,” said Maryam Mohebbi, a financial markets expert, in an interview with Tejarat News.
“If an agreement is reached, we will see a volatile and intermittent drop in the price of the dollar,” he explains. But if no agreement is reached, the dollar will continue its previous trend.
The financial markets expert says about the reason for the steady decline in the price of the dollar: Apart from Borjam, domestic factors should also affect the decrease in the price of this currency.
“The infrastructure and the inflow of dollars have not been strong enough to see the strength of the national currency,” he said.
According to the financial markets expert, after hearing the news of the agreement, the price of this currency may temporarily decrease. Mohebbi emphasizes: if the dollar price is agreed, it will remain around 25 to 26 thousand tomans.
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