EghtesadOnline: If anyone is benefiting from the coronavirus pandemic, it’s gold investors. Gold prices have soared over the last several months, with the metal up 13.74% year-to-date compared with a 12% decline in the S&P 500. Some analysts believe the price could hit $3,000 in as little as 18 months.
EghtesadOnline: Unlike the shaky global markets, Tehran stocks opened trading week in positive territory as investors sold metal and commodity equities to buy shares of less export-oriented firms, perturbed by widespread price fall in global metal markets.
EghtesadOnline: Tehran stocks made a solid 3.1% gain on Monday cheered by the dramatic rise in demand for refinery, petrochemical and metal stocks.
EghtesadOnline: After small gains in Saturday’s trades, the Tehran Stock Exchange continued to rally on Sunday to break another record amid excessive demand for both small and big shares mainly in metal and refinery products.
EghtesadOnline: Bulls returned to Tehran Stock Exchange on Tuesday as the benchmark TEDPIX gauge closed up 5,662.12 points or 3.23% at 180,847.6 points. It marked the first gain for TEDPIX after five consecutive losses had left it 20,000 points away from its historic high of 195,104 points achieved on September 30.