The inverse movement of global JPY and USD/gold prices is real
Online Economics – Mehdi Jahanshahlorad; Mohammad Keshti Arai, an activist in the gold market, told the online economy regarding the latest situation of coin and gold prices: After the world gold price moved away from the peak point that it had at the beginning of the Middle East war, analysts believed that the world price of gold and oil would rise. The price of gold went above 2000 dollars, but after some time it began to decline and reached 1938 dollars at the beginning of this week.
He added: This price fluctuated by one or two dollars in a week until yesterday when the price of anas suddenly increased by 33 dollars and reached 1973 dollars.
Saying that this increase can cause the price of gold and coins to rise, Keshti Arai stated: This is despite the fact that we had a price stability during the week considering that the currency price remained stable. The increase in the price of global oil with the decrease in the exchange rate caused the gold and coin market to fluctuate slightly.
This gold market activist added: Last day, each gram of 18-carat gold increased by about 20 thousand tomans, the price of all kinds of coins did not change, the increase in the exchange rate and the decrease in the exchange rate covered each other, which made us not have noticeable changes in the market.
He stated: In general, in the last three weeks, with the usual fluctuations of the world and exchange rates, the prices of coins and gold have remained at their current levels.
Keshti Arai described the market situation as appropriate and said: due to the low volatility of prices, the excitement and false attractions of buying gold that are created in such times are not present these days, the price of gold is real and does not have a bubble based on the two main indicators of global sentiment and The currency is calculated.
This gold market activist said about the price of the Mem coin: The price of the coin has a bubble due to the fact that its supply is limited and the central bank should increase the supply, but it seems that it does not have a plan in this field. In the last week, the bubble has been accompanied by a fluctuation of 100 thousand tomans, which is due to the stability of the market.
In the end, he said: Considering the current global economic and political situation, it is expected that we will have the same prices in the market next week.