Speculations About Gold Rally

EghtesadOnline: The sudden leap in gold coins’ prices and their unprecedented bubble in Iran mainly stems from unreal and speculative demand in the market.

News ID: ۷۸۰۵۹۶

25 November 2017

According to the head of Tehran’s Gold and Jewelry Union, this unreal demand emerged in the market because of lack of supply, as the difference between the real value of gold coin and its open market price reached 2.1 million rials ($51). “People responsible for regulating the market should probe the reasons behind this surge, as it is not natural and since it is not natural, it needs to be controlled,” Mohammad Keshti-Aray was also quoted as saying by the official news website of Tehran Chamber of Commerce, Industries, Mines and Agriculture.