Thursday, May 04, 2006

The gold's price is stable again. In Iran less economical educated people experienced an induced rush for buying golden coins (official cons of central bank of Iran) at an unbelievable price of 850 USD per Ounce. At the same time the global's market was trading gold for 620 USD. The gap was filled by people's fear of their own country's nuclear program and the entire world's re-action.
by the way the prices are again stable in Iran's gold market. This time it's Iron's turn to meet the highest rates in past 20 years. The price of Iron soared up to 50 percent in less than two months. ofcourse the main reason is exiting the world's stagnant market in last two years. The high prices will affect development programs, constructions, power and telecom projects.

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