Iranian Markets Stabilize as Diplomatic Progress Eases Sanctions Pressure
Tehran – Recent parallel market trades have seen the US dollar’s value decrease to the range of 98,000 tomans, a trend attributed to shifting trader expectations and a positive reflection of reduced sanctions-related tensions.
Currently, in the forward market, the dollar is trading around 99,000 tomans, indicating a clear reduction in demand and a stabilization of overnight market fluctuations.
Dollar Price Forecast
A key factor influencing this market sentiment is Iran’s recent agreement with the International Atomic Energy Agency (IAEA) and the signing of official documents. This development has sent a strong signal to the market about the reduced risk of the automatic return of sanctions (snapback mechanism).
Consequently, the dollar is forecast to fluctuate within a range of 98,000 to 101,000 tomans in the coming days. Should this agreement be implemented operationally within a specified framework, the dollar could potentially see a further decline toward 90,000 to 95,000 tomans. However, any slowdown or halt in the negotiation process could lead to the currency’s return to higher channels.
Gold and Coin Price Forecast
The prices of gold and coins remain heavily influenced by both the dollar’s exchange rate and global market conditions. A reduction in speculative demand could lead to a price drop for these assets. Nevertheless, should global gold markets remain attractive, these commodities will continue to be a point of focus for domestic investors.
Given the current climate, traders and investors are advised to pay close attention to daily political and economic signals to make more informed decisions regarding the buying and selling of dollars, gold, and coins.
