23 Hrs
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الحقيقة الدولية
Local 21-karat gold price drops
Gold prices in the local Jordanian market decreased by 40 piastres per gram, with the selling price of a gram of 21-karat gold reaching 84 dinars. Meanwhile, global prices experienced a slight rise but remained near their lowest levels in more than seven weeks. The decline in local gold prices comes amid market anticipation of important US economic data and expectations that US interest rates could potentially rise to 7.25% in October. This would support higher yields and reduce the attractiveness of gold, which does not yield income. Conversely, oil prices increased due to fears of supply disruptions in the region, which could intensify inflationary pressures and lead to the continuation of restrictive monetary policies.
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