Iranians Go for Gold Amid Inflation and Currency Fears

Reuters reported that rising gold prices are affecting Iranian demand for gold coins.

The market news is quoted as saying:

Amid global economic uncertainty, the price of gold on world markets rose steadily in the first half of 2011 and Iranian coins appreciated in line with that. Rather than cashing in their coins for a profit, Iranians continued to buy them in ever larger numbers.

To read the full market news, click here.