21-carat gold in Jordan hits record high of JD55.2 per gram due to inflation and regional instability.
Gold prices in Jordan have hit record highs, currently at JD55.2 per gram for 21-carat gold, due to inflation, regional instability, and economic uncertainty, particularly related to the ongoing conflicts in Gaza and Lebanon. This surge challenges local consumers who buy gold for cultural and savings purposes. Economist Waseem Hussein notes that gold serves as a key indicator of economic sentiment amidst these pressures.
October 19, 2024
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