Iran Not Keen on Deal to Reduce Gold Sanctions

Reuters reported that Iran does not think highly of major powers’ plan to reduce sanctions on Tehran’s gold and precious metals trading if the country agrees to close its Fordow uranium enrichment plant.

As quoted in the market news:

Western officials said last week the offer to ease sanctions barring gold and other precious metals trade with Iran would be presented at talks between Iran and world powers in Almaty, Kazakhstan, on February 26.

They acknowledged it represented a relatively modest update to proposals that the six major powers made in talks last year.

Click here to read the full Reuters report.