Jordanian interest in gold drops
Jordanian markets have experienced a significant decline in citizens' interest in buying gold for investment, especially regarding bars, ounces, and liras, due to rising prices. At the same time, demand for gold remains limited as most people focus on using it for weddings and celebrations, with previous investors capitalizing on their profits. Globally, the gold price reached its highest level in four months at $4,604 per ounce, driven by a weak dollar, US economic data, Middle Eastern tensions, and political policies, while the ongoing wedding and celebration season continues to support local demand. The syndicate advises against relying on unreliable offers and encourages purchasing from licensed stores.
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