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Gold prices in Jordan today, Friday, July 17, 2026: What is the price of 21-karat gold?
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Gold prices have fallen significantly, recording the biggest weekly loss in six weeks, due to escalating tensions between the United States and Iran that led to a rise in oil prices and increased inflationary pressures. This has heightened the likelihood of an interest rate hike by the U.S. Federal Reserve. Gold rose by 0.5% to reach $3,988.20 per ounce in spot trading, but the metal has declined by 3.2% since the start of the week, marking its largest drop since June, amid concerns over inflation and rising oil prices which dampened investor optimism. The expectations of a higher chance of the U.S. interest rate increasing to 73% in December have contributed to this outlook. Meanwhile, the values of other precious metals such as silver, platinum, and palladium have collectively declined this week.
تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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