Omani Banks Likely to Open Accounts for Iranian Companies
Head of the Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi says talks are underway with Omani banks to open accounts for Iranian companies active in this sultanate.
Gold Price Analysis: XAU/USD rebounds $20 to $1830 as DXY drops sharply
A reversal of the US dollar across the board triggered a rally in XAU/USD. Gold jumped $20 from the low, hitting a fresh daily high at $1830.
Brent Oil: A rally to $70 is technically possible
This week, Brent Oil prices broke through the technical resistance level of $60/barrel within the upward trend channel. As a result, the multiyear downward trend was broken
Iran tends Participating in Azerbaijan Reconstruction
Iran Chamber of Commerce and Industry, Mine and Agriculture (ICCIMA) in cooperation with the Iran-Azerbaijan Joint Chamber of Commerce held a webinar.
Int’l Trade Plays Key Role for Iran’s Free Economic Zones
International trade plays a key role in Iran’s free zones, adding that free zones in Iran have been launched before their infrastructures to be prepared and most of the revenues of these zones are spent on improving the infrastructures.
Tehran, Muscat to Expand Trade Ties
In an online meeting between the Head of TPOI and the Omani deputy minister of commerce, the two sides discussed the development of mutual trade.
Gold Price Analysis: target a run to weekly support at $1,765
Gold is testing the bear's commitments at the resistance structure. Weekly support could be their target if bulls capitulate at this juncture.
Iran’s steel, mineral exports to China top $1.2bn in 9 months
Gold historically has (rarely) been broadly categorized as “overbought” vis-à-vis currency debasement, our arguing such case in price “having gotten ahead of itself” back in 2010-2011 as graphically depicted in the above millennium-to-date panel.
Economic Data, EUR in the Spotlight
It’s a relatively quiet day ahead on the economic calendar. Economic data from the Eurozone and U.S stimulus talk will be in focus.
Brent approaches $60 per barrel as supply cuts, stimulus hopes lift prices
Brent crude for April touched a high of $59.95 a barrel and was at $59.85 by 0041 GMT, up 51 cents, or 0.9%. Front-month prices last hit $60 on Feb. 20, 2020.