الاقتصادية
Gold prices in Jordan today, Friday, July 17, 2026: What is the price of 21-karat gold?
Gold headed for its biggest weekly loss in a month and a half
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Source: الاقتصادية
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Gold prices have experienced a significant decline this week, marking the largest weekly loss since early June 2026, with a decrease of approximately 3.4% since the beginning of the week. This downturn was driven by escalating tensions between the United States and Iran, which led to a roughly 12% increase in oil prices, fueling inflationary pressures and prompting expectations of a Federal Reserve interest rate hike. Although gold prices rose during some periods of the session, concerns over inflation, rising U.S. bond yields, and escalating conflict in the Middle East have eroded investor confidence in the yellow metal, which does not generate income. The overall outlook indicates a continued corrective trend, with a 73% probability of a rate increase at the upcoming December meeting.
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