Gold’s monster rally took a pause on Friday as the US dollar received some respite from investors looking for a hedge against the deepening rift between Washington and Beijing.
News ID: 9812 Publish Date : 2020/08/09
Recently the continuous decline in both overseas and domestic offers of RSA concentrates has led 40-42% concentrate down to USD 122-125/CIF. However, the price expectation between sellers and buyers are existent whereas the former is set to accept USD 120 while the latter is looking at USD 115.
News ID: 8815 Publish Date : 2020/03/17
Chinese ferrous futures fell today in response to sharply lower crude prices, but erased much of the morning falls as outlooks remain firm for steel demand.
News ID: 8659 Publish Date : 2020/03/09
Argentina's new center-left government increased export taxes on agricultural products in a bid to expand desperately needed revenue, stoking tensions with the powerful farm sector less than a week after the inauguration of President Alberto Fernandez.
News ID: 7977 Publish Date : 2019/12/16
The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials in Tehran’s open market -- the highest in the past five months.
News ID: 7815 Publish Date : 2019/12/07
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the stability in the country’s foreign exchange market and the recovery of the Iranian currency rial against the US dollar in recent months despite US pressures and sanctions.
News ID: 7044 Publish Date : 2019/10/29
The steelmaker has lowered its domestic scrap purchase price for two of its works, on account of recent currency appreciation of Japanese Yen against US Dollar.
News ID: 5860 Publish Date : 2019/08/08
Central banks purchased a record $15.7bn of gold in the first six months of the year in an effort to diversify their reserves away from the US dollar as global trade tensions continue to simmer.
News ID: 5674 Publish Date : 2019/08/02
The Iranian national currency of rial is 118,000 against the US dollar which shows a relatively high regain of value compared to months of low that followed American introduction of crippling economic sanctions against Tehran.
News ID: 5385 Publish Date : 2019/07/22
The Iranian national currency of rial is 118,000 against the US dollar which shows a relatively high regain of value compared to months of low that followed American introduction of crippling economic sanctions against Tehran.
News ID: 5365 Publish Date : 2019/07/21
Iranian Foreign Minister Mohammad Javad Zarif described the removal of US dollar from foreign trade transactions as an effective way to thwart the American economic plots against Iran.
News ID: 4993 Publish Date : 2019/07/02
Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack.
News ID: 4687 Publish Date : 2019/05/31
SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have shown stability after observing softening towards the closing of the last week
News ID: 4511 Publish Date : 2019/05/14
The Silver Institute has released a report saying global silver demand rose 4% – to 1.03 billion oz. – in 2018. This is the first time since 2015 that demand has risen year-over-year.
News ID: 4337 Publish Date : 2019/04/12
The World Bank has downgraded Iran's economic growth estimates and forecasts in a new report.
News ID: 4251 Publish Date : 2019/04/08
The Central Bank of Iran is going to launch a unified currency market that would handle the flow of money to and from banks and currency exchange stores.
News ID: 3378 Publish Date : 2019/01/23
The prices of the US dollar and gold coins– two key drivers of consumer prices – were on decline in recent days in what is seen as a clear defiance against earlier predictions that sanctions could trigger a price shock in the country.
News ID: 2637 Publish Date : 2018/11/17
South Korea says it has reached a deal with Iran to use local currencies in mutual trade between the two countries instead of the US dollar .
News ID: 2572 Publish Date : 2018/11/10
European diplomats say enhanced US financial sanctions against Iran could force the rest of the world to create alternative banking systems that would undermine the long-time dominance of the US dollar .
News ID: 2470 Publish Date : 2018/10/29
The rial was quoted at 37,240 to the US dollar on Wednesday, gaining 0.59% against the greenback compared with Tuesday's close.
News ID: 1023 Publish Date : 2017/03/10