
As the Global Dollar Nears a Multi Month Low, Gold Holds Near a Three Month High and Bitcoin Nears $80,000; Tehran's 18 Karat Gold Hits a Record 21,746,400 Tomans (Market Pulse, Morning, Friday, 6 Shahrivar 1405)
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Sahmino editorial· 29 August· Short· 01:30
Tehran's benchmark TEDPIX index rose 2.6 percent on Wednesday, August 26 (4 Shahrivar) to a record 6,386,576 points, capping a roughly 5.4 percent weekly gain. But on Friday night, August 28 (6 Shahrivar), hawkish remarks from Fed Chair Kevin Warsh at Jackson Hole sent global gold down 3.08 percent to $4,458.89 and pulled bitcoin back toward $78,400; odds of a September Fed rate hike now sit near 50 percent.

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