Inflation covered the markets in green / hot trading season – Tejaratnews
According to Tejarat News, the markets of gold, coins, dollars, capital and real estate, which had gone through a relatively upward trend with steep declines from the beginning of this year to the end of the first 6 months, started a new movement from the first days of autumn, which resulted in an unprecedented growth. have been.
This upward trend has continued since the beginning of January and today the prices have reached their peak so that the price of the Imami coin has reached 19 million 900 thousand Tomans and the price of 18 karat gold per gram has recorded the figure of 1 million 825 thousand Tomans. Is.
It was early autumn when the last traces of hope for the JCPOA agreement were extinguished, the optimism regarding the improvement of the economic and political conditions gave way to fear and concern of the loss of asset value so that inflationary expectations determine the course of the markets.
What path did the dollar take?
The engine of inflation and inflationary expectations accelerated especially from the beginning of November, and in the first step, it set the currency market in motion; In such a way that the dollar was conquering new channels in a fast process and was not content to stop. The same process put the dollar at the threshold of 40 thousand tomans at the end of the autumn season.
Thus, the price of the dollar could grow by 24.9% only during the fall. At the same time, the American banknote gave 11.7% return to its investors in December alone and experienced a 50.9% price growth from the beginning of this year to the end of December. Thus, the dollar has recorded the highest return since the beginning of this year among the competing markets.
The precious metal market hit a record
The upward movement of the dollar quickly revealed its effect on the gold and coin markets. So the precious metal market became hotter than ever. This process made all kinds of coins and 18 carat gold record new records that were not even possible to think about before.
It should be noted that all kinds of coins have entered new channels, especially in December, and have moved in sync with the dollar in breaking records. In continuation of this process, in the last 30 hours of December, the price of 18 carat gold per gram reached 1 million 800 thousand tomans! Meanwhile, the price of gold has now entered the channel of one million and 800 thousand tomans, which had recently conquered the lower channel. This behavior shows the acceleration of price growth in the precious metal market.
Coin yield
The coin was able to achieve a return of 30.4% at the end of the third quarter of the year. Meanwhile, the price of coins has grown by 14.7% in December alone. The growth of the coin price was also impressive during the period of 9 months of the year and increased by 50.7%. On this basis, in the period of 9 months, the coin has the second highest price growth after the dollar.
Gold yield
On the other side of the precious metal market, 18 carat gold also managed to grow by 35.1% in the fall. According to the latest price of 18-carat gold, this precious metal has grown by 20% in December alone, which has recorded the highest growth among parallel markets in the ninth month of the year. The price of gold has also grown by 45.65% since the beginning of the year.
The capital market showed positive signs of inflation
Along with the parallel markets, the trading trend in the capital market has generally been upward. This fall, the value of capital market micro-transactions slightly improved and the total stock market index recorded a growth of 10.4 percent. Although the capital market transactions have not yet reached the point where it can be called a boom, but it has managed to bring green days to the shareholders of some market symbols and shine a light of hope in the hearts of investors.
Accordingly Total stock market index It grew by 6.2% in December and recorded an increase of 9.4% for the period of 9 months. At the same time, the process of money entering the capital market has slightly improved, especially in December, which can indicate the hope of some market players to invest in stocks.
The housing market moved
In the meantime, one of the most effective markets from the growth of expected inflation and the jump in the price of the dollar has been the housing market, which recorded significant returns during the first two months of autumn. According to Central Bank statistics, the housing market grew by 6.8% in November alone, and now, according to the Statistics Center, it experienced a 2.8% price growth in December.
However, according to the average housing price of Tehran, which the central bank publishes, the price of residential units has increased by eight percent during the first two months of the autumn season. At the same time, from the beginning of the year to the end of November, the price of housing has brought 33% return to its investors.
Although all the markets, especially since the beginning of autumn, have started a new upward movement and have given high returns to their investors, but can this green cover be considered a clear sign of the improvement of the economic situation, or is this only in the green garden that the markets have shown, but after Will inflation show its other side and sound the alarm of deepening economic crisis? It should be noted that this efficiency was only possible due to the growth of inflationary expectations and did not mean economic growth and development!
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