Golden days of “Bahar Azadi” gold coins on
Iran’s stressed market!
– The Central Bank of Iran announced the halting of Gold coin presales with different maturities, stressing that there is no limitation with regards to the nation’s gold reserves; this body is determined to continue its oversight over the market and in case needed, it will intervene either through auctions or presales. Over the last few days “Bahar Azadi” gold coins hiked meteorically and prices reached IRR 22,000,000 level. It seems that USD speculation demand is now directed to the gold market and the CBI decision is to put a cap on that for now.