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Gold and Dollar Pause

EghtesadOnline: Gold and dollar prices declined on Sunday after posting new highs a day earlier. The half Azadi coin lost 5.82% or 5 million rials to be sold for 86 million rials. The quarter Azadi coin also lost 3.38% and was quoted at 59 million rials, Eghtesadnews reported.
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Publish Date:19/October/2020 | 18:28

Oil Drops 3 Percent

EghtesadOnline: Oil prices were down 3% on Friday after Donald Trump tested positive for Covid-19 and negotiators failed to agree a US stimulus package just as rising global oil output threatens to overwhelm a weak price recovery.
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Publish Date:03/October/2020 | 24:28

Crude Oil Prices Higher Following OPEC+ Meeting

EghtesadOnline: Crude oil future prices ticked higher during the mid-morning trade in Asia Friday, as the markets continued to price in a commitment from the OPEC to ensure that the members adhere to the mandated production cuts.
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Publish Date:19/September/2020 | 24:31

TEDPIX Closes 3.5% Higher

EghtesadOnline: Tehran stocks gained some more lost ground as angst-ridden investors started leaving the sell side, and finding share prices attractive, rushed to buy.
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Publish Date:16/September/2020 | 24:06

Oil Gains as Storm Causes US Gulf Production Halts

EghtesadOnline: Oil prices rose on Monday as a tropical storm in the Gulf of Mexico forced companies to evacuate rigs and halt production, but gains were kept in check by wider concerns about excess supply and falling fuel demand.
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Publish Date:15/September/2020 | 10:06

Fastener Sector Grappling With Alloy Steel Shortage

EghtesadOnline: The shortage and skyrocketing prices of alloy steel have scuttled over 70% of the domestic fastener sector’s production capacity, an industrialist says.
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Publish Date:15/September/2020 | 09:57

Oil Prices Reverse Some Losses, But Demand Concerns Persist

EghtesadOnline: Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand.
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Publish Date:10/September/2020 | 11:28

Oil Skids as Demand Optimism Fades

EghtesadOnline: Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus pandemic.
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Publish Date:08/September/2020 | 14:17

70% Decline in Demand for Stationery, 20% Rise in Prices

EghtesadOnline: Stationery prices have increased by 20% compared with last year due to the rise in production costs while demand for these products has dropped by 60-70% following school closures caused by the outbreak of coronavirus, Mahmoud Reza Sanatkar, the head of Stationery Producers’ Association, says.
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Publish Date:27/August/2020 | 18:11

Oil Prices Edge Higher

EghtesadOnline: Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after US regulators approved the use of blood plasma from recovered patients as a treatment option.
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Publish Date:25/August/2020 | 11:15

Crude Prices Snap 4-Day Winning Streak

EghtesadOnline: Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence about a potential pickup in fuel demand.
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Publish Date:06/August/2020 | 18:41

Gold in Tehran Hits Another Peek

EghtesadOnline: Gold coins recorded further increase on Wednesday with another 2.8% growth in prices compared to the previous day's close.
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Publish Date:06/August/2020 | 18:07

Chevron Corp Books Worst Loss Since 1989 as Oil Prices Crash

EghtesadOnline: Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its Venezuela operations due to the US sanctions.
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Publish Date:02/August/2020 | 14:00

Gold Slips, Dollar Stable in Tehran Market

EghtesadOnline: Major currencies closed Saturday’s session unchanged while in the bullion market prices slipped after the gold coin peaked to new highs on Thursday.
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Publish Date:02/August/2020 | 13:46

Gold Steps Back From Historic High

EghtesadOnline: Gold coin prices faltered on Tuesday in the domestic market after reaching to the all-time high a session earlier.
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Publish Date:29/July/2020 | 13:15

TEDPIX Down 0.35%

EghtesadOnline: Tehran stocks fell on Sunday as the Tehran Stock Exchange benchmark, TEDPIX, faltereds near the psychological level of 2 million points and chart patterns suggested correction in the prices of blue chips.
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Publish Date:27/July/2020 | 11:42

Oil Rises on Weaker Dollar

EhtesadOnline: Oil prices rose on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices.
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Publish Date:25/July/2020 | 14:23

Currency Stable, Gold Falters

EghtesadOnline: Currency rates were largely stable on Wednesday after losing 18% during three consecutive sessions of bear market. However, gold prices extended the slide.
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Publish Date:23/July/2020 | 09:03