Ribhi Allan, head of the General Syndicate of Owners of Jewelry and Goldsmithing Shops, reported on Saturday that domestic gold prices have remained stable despite a significant downturn in market activity. In a statement to Rum News, Allan characterized current buying and selling demand as 'weak to very weak.' He attributed this stagnation to a climate of extreme caution among both consumers and traders, driven by regional political developments—specifically the ongoing tensions in the Strait of Hormuz and uncertainty regarding the sustainability of ceasefires in the region.
Ribhi Allan, head of the General Syndicate of Owners of Jewelry and Goldsmithing Shops, reported on Saturday that domestic gold prices have remained stable despite a significant downturn in market activity. In a statement to Rum News, Allan characterized current buying and selling demand as 'weak to very weak.' He attributed this stagnation to a climate of extreme caution among both consumers and traders, driven by regional political developments—specifically the ongoing tensions in the Strait of Hormuz and uncertainty regarding the sustainability of ceasefires in the region.
Ribhi Allan, head of the General Syndicate of Owners of Jewelry and Goldsmithing Shops, reported on Saturday that domestic gold prices have remained stable despite a significant downturn in market activity. In a statement to Rum News, Allan characterized current buying and selling demand as 'weak to very weak.' He attributed this stagnation to a climate of extreme caution among both consumers and traders, driven by regional political developments—specifically the ongoing tensions in the Strait of Hormuz and uncertainty regarding the sustainability of ceasefires in the region.
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Jordan gold market faces "severe weakness" amid regional uncertainty, says Syndicate Head
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