Jordan Gold Prices Drop Amid Global Rate Hike Fears

The price of gold in Jordan has decreased by JD2.5 per gram on Monday, according to the General Syndicate of Owners of Trade and Jewelry Shops.

The most sought-after grade in the local market, 21-karat gold, is now priced at JD84.5 per gram for sales at jewelry shops and JD80.7 for purchases.

Globally, gold prices have fallen more than 2% as oil prices climbed and renewed inflation concerns strengthened expectations that U.S. interest rates could remain elevated or be raised again.