Stopping the growth of the dollar covered the gold and silver funds in the red / money outflow reached fixed income

Stopping the rising trend of the dollar reduced the demand for gold and silver funds, and at the end of trading, all the funds of these two groups faced a drop of about one percent. In the meantime, gold funds were faced with the withdrawal of 559 billion tomans of real money, and silver funds also experienced the withdrawal of liquidity. The post Stopping the growth of the dollar covered gold and silver funds in the red / Money outflow reached the fixed income appeared first on Safir Arjan.

According to Ambassador Arjan, the halt in the growth of the dollar and the reduction of bullish expectations in the foreign exchange market affected the demand for gold funds. At the end of trading, the funds of this group were all in the negative range and experienced a drop of about one percent; An issue that indicates a decrease in traders' willingness to buy gold-based assets.

The value of transactions of gold funds reached 18 thousand 650 billion Tomans and the volume of transactions of this group was about 2.3 billion units. Despite the high turnover of transactions, the cash flow was not favorable and a total of 559 billion Tomans were withdrawn from these funds.

The survey of buying and selling per capita also shows the superiority of sellers. Per capita purchase in this group was 117 million tomans, while per capita sales reached 236 million tomans. The negative purchasing power of 2.01 also indicates the relative dominance of selling pressure and the outflow of liquidity from gold funds.

Continuation of selling pressure and withdrawal of money from silver funds

Silver funds also had a negative day along with gold funds. The decrease in demand due to the stop of the growth of the dollar caused all the funds of this group to face a drop of about 1 percent.

The volume of transactions of silver funds reached 750 million units and the value of their transactions was recorded at 911 billion Tomans. However, the withdrawal of 84 billion Tomans showed that the selling pressure was not limited to gold funds only.

Per capita purchases in silver boxes were 39 million tomans and per capita sales were 73 million tomans. Also, negative purchasing power of 1.87 showed that sellers had the upper hand in transactions. Therefore, the drop in prices was accompanied by the outflow of liquidity and the superiority of per capita sales.

Liquidity outflow despite positive purchasing power in fixed income

On the other side of the market, fixed income funds also faced outflows. The value of transactions of this group reached 36 thousand 329 billion tomans and the volume of transactions reached 13 billion units; Figures that indicate the high turnover of transactions in these financial instruments.

The per capita purchase of fixed income funds was 209 million tomans and the per capita sale was 82 million tomans. As a result, a positive purchasing power of 2.53 was recorded; However, this superiority in purchasing per capita did not prevent the withdrawal of 1,478 billion tomans from these funds.

In general, the halt in the growth of the dollar and the drop in demand for assets based on precious metals put gold and silver funds on a downward path. At the same time, the outflow of liquidity from fixed income funds also showed that the flow of money at the end of trading did not support any of these three groups.