jordan pulse -

Global gold markets end Thursday–Friday trading up more than USD 100, sending ounce price to USD 4,225 and lifting local prices by JD 2.10 per gram, jewellers’ syndicate head Rubehi Allan tells Rum.

Allan attributes rise to uncertainty over next US Federal Reserve chair and unclear monetary policy, alongside talk of possible 0.5-point interest-rate cut before year-end.

Geopolitical tensions in Venezuela and Middle East, plus Ukraine–Russia war, push investors toward gold as safe haven.

Local market sees weak supply and demand, typical for this time of year, Allan says. English lira priced at JD 675 and ‘Rashadi’ at JD 590.