The total volume of currency sales by non-financial companies decreased in March

The total volume of currency sales by non-financial companies in March decreased by 7% compared to February, amounting to $14.9 billion. This is evidenced by the relevant documents of the Central Bank of the Russian Federation, published on the regulator's website on April 8.

"In March, the total volume of foreign currency sales by non—financial companies decreased by 7% compared to February and amounted to $14.9 billion, which is less than the monthly average for the previous six months ($15.6 billion)," the regulator's materials say.

Iran has squeezed gold: why the precious metal has collapsed in price

It has become one of the most affected assets due to the war in the Middle East.

Alexander Schneiderman, Head of Alfa-Forex's Customer Support and Sales department, said on March 30 that the massive liquidation of positions in the precious metals market could indicate the end of a prolonged rise in gold and silver prices. According to Schneiderman, further market dynamics will depend on macroeconomic factors.

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