Prediction of the price of dollars, gold and coins on Saturday, October 25, 1405 / dollar in the channel of 270 thousand tomans; Political news took control of the market

The financial markets fluctuated back and forth this week and the dollar retreated to the range of 257 thousand tomans; But in the last two days of the week, the prices went up and the dollar ended the trading on Thursday at the price of 265 thousand tomans. Traders are keeping an eye on political events and currency supply in Saturday trading. The post predicting the price of dollars, gold and coins on Saturday, October 25, 1405/$ on the way to the channel of 270 thousand tomans; CIA news

According to Ambassador Arjan, the dollar price opened at 263,000 Tomans in the 3rd week of October, and then, under the influence of sales pressure and the fluctuation of traders' expectations, it fell back to the range of 257,000 Tomans. However, this reduction did not last and the American bill compensated part of its fall in the last two days of the week and finally welcomed the holidays with the figure of 265 thousand tomans.

The return of the dollar price to a level higher than the price at the beginning of the week shows that the drop in the middle of the week could not become a sustainable trend. The increase in the price of the dollar at the end of the week, along with the political and security news of the region, can affect traders' expectations on the first trading day of the new week.

It should be noted that at the international level, the publication of news about the intensification of attacks on commercial ships in the Strait of Hormuz and the imposition of new US sanctions against 16 individuals and 10 entities related to Iran have sent signs of continued political and security pressure to the market. On the other hand, Donald Trump's statements about the possibility of ending the war in the near future are still considered as a signal to reduce tension. These different messages make it difficult for traders to assess the path of political developments and increase the possibility of dollar price volatility at the start of Saturday trading.

The price of gold and coins moved in line with the fluctuations in the price of the dollar

In the third week of Mehr, the price of gold and coins also moved in line with the fluctuations of the dollar price. The price of gold fell back to the middle of the channel of 25 million tomans, but then with the increase in the price of the dollar, it compensated part of its fall and finally ended its work with the figure of 26 million and 180 thousand tomans.

In the middle of the week, the price of the coin decreased to the range of 257 million tomans, but with the change in the direction of the dollar and the improvement of the conditions of the gold market, it increased again and closed the end of the week at a price of 267 million tomans.

On the other hand, the global ounce of gold, which was in the range of $4,155 on Thursday, has reached around $4,177 at the time of writing this report. The increase of nearly $20 an ounce, along with the growth of the dollar price, can support the growth of gold and coin prices at the start of Saturday trading.

Considering the escalation of tensions in the Strait of Hormuz and the news of new US sanctions, economic experts believe that this news can keep the level of uncertainty high and strengthen the precautionary demand for currency.

They say that in the current situation, the range of 265,000 Tomans is the first important level to evaluate the behavior of the dollar at the beginning of trading in the last week of Mehr. If the price can be stabilized above this range and the demand in the market is strengthened, moving towards the levels of 267 to 270 thousand tomans is not far from expected. On the other hand, the reduction of political tensions or the increase of currency supply can cause the price to face correction; In this case, the range of 261 to 260 thousand tomans and then the floor of 257 thousand tomans recorded this week will be among the significant levels to check the intensity of selling pressure.

Analysts of the gold market say that if the price of the dollar remains in the range of 265 thousand tomans or moves to higher levels, it is more likely that the price of gold and coins will continue to rise. In this scenario, 18-karat gold can move towards the range of 26 million and 500 thousand tomans, and in case of simultaneous strengthening of the price of the dollar and the global ounce of gold, the level of 27 million tomans is considered as a range that can be investigated. On the other hand, the drop in the price of the dollar or the withdrawal of the global ounce of gold can stop the growth of the price of gold and coins and bring the price of gold closer to the range of 25 million tomans.

The coin, which ended the week at the level of 267 million tomans, can move to the range of 270 million tomans if the dollar price continues to grow.

Imami coin was closed in the channel of 267 million tomans

The price of Imami coin was announced on Thursday, 23 Mehr 1405 with the amount of 267 million and 600 thousand tomans by Tehran Gold and Jewelry Association. Bahar Azadi coin closed at 257 million 500 thousand tomans. The half coin with the amount of 140 million and 800 thousand tomans and the quarter coin with the price of 75 million and 700 thousand tomans ended the third week of Mehr. A warm coin was also placed at the figure of 38 million tomans.

Gold was traded in the channel of 26 million tomans

According to the prices announced on the website of the Tehran Gold and Jewelry Association, the shekel of gold was 113,440,000 tomans. 18 carat gold was also traded at 26 million and 187 thousand tomans.

Read more reports on the gold and currency page.