Gold coin rally intensifies in Tehran market

Financial Tribune- Gold coins kept rallying nationwide on Sunday, taking its lead from Tehran’s market, in signs that investors are showing renewed interest in the safe haven asset.

The rally, which took off on the first trading day in Iranian markets on Saturday, gathered force on Sunday, sending the benchmark Bahar Azadi’s price to 24.39 million rials ($578).

Azadi gained 4.8% the previous day with Half Azadi reaching 12.08 million rials ($286), up 5.01% over Saturday’s close.

The initial bull run in the gold coin market was fueled by the looming prospects of US sanctions.