Markets return in the third week of March / Gold and stock market growth, dollar decline
According to Tejarat News, three financial markets were growing last week and one of them fell. Return of markets in the third week of Esfand 1400How was it separately?
The price of the dollar
The price of the dollar This week, it was down 0.26 percent. The National Exchange announced on Thursday, March 3, that the selling rate of the dollar was 24,561 tomans.
This is while this figure was recorded yesterday, March 10, at 24,497 Tomans.
The price of the dollar in the open market fluctuated mainly in the 26,000 Toman channel in the first days of the third week of March. But from the middle days of the week, it entered the 25,000 Toman channel and started a decreasing trend.
gold price
But the return of the gold market in the third week of Esfand 1400 was accompanied by a growth of 1.65%.
gold price On the last working day of last week, Thursday, March 3, one million 197 thousand 187 Tomans was announced. While the market reached the price of one million 217 thousand 40 tomans yesterday.
Price Ounces Last week, it first had an upward trend and entered the $ 2,000 channel. In particular, the news of the possibility of a Russian oil embargo by the United States and Britain raised prices in world markets. But then the price of an ounce fell and returned to the $ 1900 channel.
Prices for coins
Buyers of the coin market also experienced price growth in the third week of March. During this period, the yield for the new design coin was 1.92%.
Prices for coins On the last working day of last week, 11 million and 940 thousand tomans were announced, but yesterday it reached 12 million and 170 thousand tomans.
Gold and coin prices both fluctuated this week due to currency market movements. Some days, gold was in the channel of 1 million and 100 and some days in the channel of 1200. The coin also fluctuated between the 11 and 12 million channels.
Exchange
In another aspect of market returns on the third of Esfand 1400, the total index Exchange grow up. The capital market ended last week at the level of one million 281 thousand 152 units.
Meanwhile, the total index of the stock exchange reached about 1,348,347 units on Wednesday, March 9th. These figures mean a growth of 5.24% of the total index, which is the highest rate of return among the markets.
Javad Fallahian, a capital market expert in stock market analysis in the third week of March 2015, told Tejaratnews: “A major part of the stock market growth this week was due to rising commodity prices.” Of course, if the war between Russia and Ukraine continues, we will see an increase and stabilization of commodity prices.
He added: “The next issue that affected this week’s index was the Barjam talks.” Expectations for Borjam’s signature have risen. This has led to the growth of some industries.
Different signals for markets
According to Tejarat News, financial markets have been affected in recent weeks Russia-Ukraine war And related developments Vienna talks contract. In recent days, the news of Russia’s sabotage on the way to reviving Borjam sent signals to the dollar market. As a result, prices in the gold and coin markets also rose. Of course, the temporary increase in the price of an ounce was also influenced by the news of the Russia-Ukraine war.
But then hopes rose again in the Vienna talks, and markets declined. “The end of negotiations is always difficult and challenging,” a White House spokesman said yesterday.
Democrat Joe Biden added: “We have been close to an agreement for some time and a few weeks.
Anne Claire Legendre, a spokeswoman for the French Foreign Ministry, also said that the nuclear deal with Iran was “very close” and that delays in the negotiations would jeopardize the agreement to revive the UN Security Council.
Seyed Hamid Hosseini, a member of the Iranian Chamber of Commerce, also tweeted: “The revival of Borjam has reached its final stage, and the agreement between Iran and the negotiating countries will be announced in Vienna on Sunday or Monday next week.”
If this happens, there is a possibility of a temporary drop in prices in the dollar, gold and coin markets.
Read the latest news on market returns on the Commerce News page.