Market returns in the fourth week of June / gold decline and growth of 3 markets
According to Tejarat News, Market returns in the fourth week of JuneShows that three markets have grown and one market has fallen.
The price of the dollar
The price of the dollar In the fourth week of June, it grew by 2.03 percent.
National Exchange, On Thursday, June 17th, announced the selling rate of the dollar at 27439 Tomans. This is while this figure was recorded on Thursday, June 10, 26 thousand and 892 Tomans.
In the open market, the dollar continued to decline after an upward trend in the early days of the week. The national exchange dollar, however, despite the fluctuations, grew in total and entered the channel of 27 thousand tomans.
gold price
But the return of the gold market in the fourth week of June 1401 was accompanied by a decrease of 1.97 percent. Gold went down after a few weeks of positive returns.
gold price On Thursday, one million and 413 thousand and 955 Tomans were announced. While the market had reached the price of 1,442,350 tomans on 19 June.
Prices for coins
But buyers of the coin market experienced price growth in the fourth week of June. During this period, the positive return for the new design coin was 1.07%. In the first two weeks of June, the coin had the highest growth among the financial markets. For example, the positive return of the precious metal in the second week of June was 5.37%. In the third week, however, it experienced a 2.35% drop in prices.
Prices for coins The new plan was announced on Thursday, June 17, at 15 million and 100 thousand tomans, but the week before, it had reached 14 million and 940 thousand tomans.
Gold and coin markets have been volatile in recent weeks. The coin even reached 16 million and 300 thousand tomans, but then fell to the channel of 14 million tomans. Gold also went up to the channel of 1.5 million tomans, but continued to decline. Some experts predicted the emotional growth of the markets after the resolution of the Board of Governors and their further downward trend. Price control in the foreign exchange market also affected the decline in gold and coin prices.
Exchange
In another aspect of Market returns in the fourth week of JuneOverall Index Exchange Also grew. The capital market ended the last week at the level of 1,564,333 units.
Meanwhile, the total stock index in the last working day of last week, Thursday, June 4, had reached about 1,520,298 units. These figures mean a 2.90% increase in the overall index. This is the most positive return among financial markets in recent weeks.
The stock market experienced a negative return last week. But this week, overall, there was a growing trend. Of course, he finished the last day of trading in red.
“There are fundamental factors in the market these days that make some market conditions special,” said Sarah Fallah, a capital market expert on the stock market’s weekly forecast. The most important point is the divergence between the Nima currency and the free dollar. As the dollar rose and inflation rose, the cost of many commodities rose. Companies, on the other hand, have to sell their products at half the dollar. While other markets grew in parallel, the capital market is now one of the most stagnant.
Signals affecting market returns in the fourth week of June
According to Tejarat News, financial markets have been affected recently Vienna talks And issuance Resolution of the Board of Governors Were located.
Nuclear talks stalled in the last month of last year. Both sides emphasize that much of the agreement has been reached, but a few key issues remain. Until recently, various officials in the negotiating countries believed that an agreement was available. But now some officials, especially in the United States, have raised doubts. Iranian officials also see indecision in the United States as a factor in the disruption of the talks.
In the early days of last week, the excitement in the markets increased due to the issuance of the resolution of the Board of Governors. Some experts considered these conditions to be normal and temporary. Accordingly, prices in the dollar and gold markets have been falling since the middle of last week due to the central bank’s control measures.
In this regard, the study of three news is recommended: the entry of currency into the country without restrictions and exemption from taxes, the exchange offices were allowed to buy the currency of all persons and the exchange offices are open on Fridays.
2 important news for markets
Meanwhile, both domestic and foreign news could affect the performance of financial markets next week, especially the dollar, gold and coins.
New sanctions against Iran
The first news is the imposition of new US sanctions on Iran. The US Treasury Department yesterday announced new sanctions against two individuals and nine legal entities related to Iran. Companies targeted by the new sanctions are operating in the oil and petrochemical sectors.
However, US National Security Adviser Jake Sullivan, speaking at the New Security Center for the United States on Thursday, claimed that despite the difficulties, it was still possible to return to a nuclear deal.
On the other hand, Mehdi Safari, Deputy Foreign Minister of Iran, said: “The new sanctions do not affect the way we work.” Our petrochemicals have been under sanctions and we sell through various channels.
US interest rate hike
In other important news for markets, especially gold, the US Federal Reserve raised its key interest rate by 0.75%. This is the largest increase in interest rates in the last 28 years. Officials predict that interest rates will reach 4.4 percent by the end of the year.
This could reduce the global ounce.
A number of these cases or on Market returns in the fourth week of June Were influential or likely to affect next week. Experts also consider the upward trend of inflation expectations due to the increase in subsidies and the news of the high prices of basic goods to be effective in this regard.
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