Gold Prices Dominate Social Media in Jordan Amid Historic Jumps Amir Al-Shoubaki Points to the Possibility of Gram 21 Gold Reaching 150 Jordanian Dinars

Social media exploded in the past few hours following statements described as "strong" by oil and energy researcher Amir Al-Shoubaki regarding the rapid rise in gold prices. He confirmed that this increase raises major questions about its true causes and future trends. Currently, the global ounce price has reached about $3,600, amid expectations of a US interest rate cut in the next ten days.

Al-Shoubaki added in a video clip sent to "Roya TV" that the record-high gold prices represent a "re-pricing of the world economy" or what could be a warning before a major global clash. He noted the possibility of the ounce surpassing $5,000, and perhaps approaching $6,000 within this year if current conditions persist.

He explained that local prices reflect this global rise, with the price of a 21-carat gold gram in the Jordanian market today reaching about 103 dinars for sale, with expectations of ranging between 120 and 125 dinars in 2026.

Regarding the future of gold amid the current political situation, Al-Shoubaki pointed out that the yellow metal could range between 140 to 150 dinars next year.

He noted that rising geopolitical tensions, along with doubts over the independence of the US Federal Reserve, have driven investors strongly back to gold as a safe haven, supported by large inflows from investment funds, in addition to record purchases by central banks, notably China.

Al-Shoubaki explained that these factors have shifted gold demand from temporary to structural long-term demand, in a world rapidly moving toward multipolarity, with the rise of Eastern alliances led by China and Russia, and the declining effectiveness of US policies, whether through sanctions or tariffs.

He highlighted that these shifts increase concerns over conflicts escalating to more severe, possibly military, levels, raising risk premiums and supporting continued gold price increases.

Al-Shoubaki predicted that gold would soon reach $4,000 per ounce this year, with a significant chance of reaching $5,000 next year if interest rate cuts continue and geopolitical tensions intensify.

The researcher also sent a direct message to those planning to get married, warning about the increasing burden of gold prices. He noted that a 21-carat gold gram in Jordan could exceed 80 dinars by the end of this year. Al-Shoubaki urged young couples to consider practical alternatives, such as symbolic imitation gold, practical gifts, bank deposits, or even eliminating gold from wedding ceremonies to reduce financial burdens.