AMMAN — Gold prices in Jordan reached historic highs last week, mirroring global market volatility and strong demand for safe‑haven assets as investors respond to geopolitical and monetary uncertainties.

 

Recent international trends have seen gold trading at elevated levels, with spot prices climbing above previous records amid heightened global risk sentiment.

 

“The Jordanian gold market remains fully supplied despite the sharp rise in prices,” Ribhi Allan, head of the Jordanian Jewellers Syndicate, told The Jordan Times.

 

He said gold is readily available across the Kingdom and that jewellers can purchase any quantities offered by citizens while also meeting all buying requests. “Trading activity remains open and unrestricted, with no signs of supply shortages or disruptions, despite the historically high price levels,” he added.

 

“All buying and selling operations are proceeding normally and in line with the regulations approved by the Syndicate,” Allan said.

 

Gold closed on Friday at $4,510 per ounce, marking the highest closing price ever recorded in the Jordanian market, the Syndicate said, adding that this local peak reflects broader global surges, as gold has recently traded near all‑time highs amid investor flight to secure assets.

 

According to the Syndicate, local prices followed the international trend, with the English gold coin reaching JD730 and the Rashadi lira rising to JD639 after consecutive increases over recent sessions.

 

Allan attributed the surge to a combination of geopolitical tensions and economic uncertainties, including concerns in several Latin American countries and escalations in the Middle East.

 

He also pointed to market expectations tied to the upcoming appointment of a new Federal Reserve chair in the United States, a development that could influence global monetary policy.

 

From an economic standpoint, economist Ahmad Alian said the strong performance of gold reflects investor anxiety over future US monetary policy.

 

“Expectations of possible interest rate cuts are weakening the appeal of the U.S. dollar and pushing investors towards gold as a protective asset,” he told The Jordan Times. Continued geopolitical risks and uncertainty surrounding global interest‑rate directions are likely to keep prices elevated, he added.

 

Market analysts globally have also cited safe‑haven demand as a driver of gold’s rally, noting that geopolitical developments and potential monetary easing reinforce its appeal amid uncertainty.