Gold Prices Scale All-Time Highs

Demand for gold coins has increased in recent days, the Persian-language economic news website Eghtesadnews wrote, quoting market observers who see the chaos and higher risk in the currency market as the driving force behind the upsurge in gold demand.

The Central Bank of Iran last week said that it has enough resources and tools to stabilize both the currency and gold prices that have been of the ascending order in ways unseen in history. This is seen as a source of traders' hesitation, as the dollar seems to be unlikely to rise further in the near future, the website said.