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.
Articles Tagged "Iran"
Need proof that individuals seeking safety flock to gold? Look at Iran, where demand for the metal is growing as the impact of sanctions becomes more severe.
Reuters reported that gold sales to Iran from Turkey increased to nine tons in March.
If Iran isn't on gold investors' radar, perhaps it should be. With the effects of sanctions and inflation intensifying, the nation may be bullish for gold.
Reuters reported that Iran is now accepting gold as payment from its trading partners.
Gold prices have surged with the aid of inflationary risks on price of crude oil trading above $120 per barrel and the strengthening euro.
Reuters reported that rising gold prices are affecting Iranian demand for gold coins.