Rabhi Allan: "Astronomical Increases in Gold Prices" Jordanians react strongly following Rabhi Allan’s statements

Gold prices continue to occupy the minds of Jordanians, amid widespread circulation of statements by Rabhi Allan, President of the Jordanian Jewelers and Goldsmiths Association, after his appearance on the programs "Nabd Al-Balad" and "Al-Akhbar Al-Sabi‘a" on Roya TV. He spoke about astronomical increases in gold prices, which could reach 100 dinars per gram for 24-karat gold.

Jordanians actively engaged on social media, exchanging opinions on Allan’s forecasts and the impact of these prices on the jewelry market and the local economy, amid concerns over unprecedented continued rises.

Global Factors Allan indicated that the rise in gold prices is due to global economic factors, including US interest rate movements and international market tensions, explaining that the yellow metal has become a safe haven for investors amid economic instability.

Allan also confirmed that 21-karat gold, the most traded among citizens, has exceeded 89 dinars, while 18-karat gold reached around 79 dinars, prompting many Jordanians to closely monitor daily market fluctuations.

These developments come amid a public wave of attention and intense monitoring of gold prices in Jordan, where the yellow metal is considered an important economic indicator and a tool to hedge against inflation and financial instability.