Gold prices fell in spot transactions by 0.1%, while attention shifts to expected changes in the leadership of the Federal Reserve.

Amid a state of anticipation in global markets, gold prices witnessed notable stability during Tuesday’s trading, as investors leaned toward caution after a wave of sharp fluctuations that recently dominated trading, amid close monitoring of geopolitical developments in the Middle East.

This relative calm comes after gold prices in spot transactions fell by 0.1% to 4,560.39 dollars per ounce, following a drop in the previous session to their lowest level since March 30. In contrast, U.S. gold futures for June delivery rose slightly by 0.1% to 4,563.50 dollars per ounce.

Market experts believe the current volatility reflects investors’ wait for clearer signals regarding the future of monetary policy in the United States, especially ahead of the release of the Federal Reserve’s April meeting minutes, which may provide further indications on the interest rate path in the coming period.

Opening the door to political negotiations

In a related context, recent political developments—most notably U.S. President Donald Trump’s announcement of halting a planned strike on Iran to open the door for political negotiations—helped ease concerns in energy markets. This led to a drop in oil prices by more than 2%, which in turn reduced inflationary pressures, at a time when gold is viewed as a traditional hedge against inflation but is negatively affected by rising interest rates.

Attention is also turning to expected changes in the leadership of the Federal Reserve, as Kevin Warsh prepares to be sworn in as head of the central bank before the U.S. President, in a sensitive period in which monetary policy faces challenges related to inflation levels and the possibility of interest rate cuts.

Decline in silver prices

In other precious metals, silver fell by 1.3% to 76.63 dollars per ounce, platinum dropped by 0.5% to 1969.84 dollars, and palladium declined by 1.2% to 1401.74 dollars.

Locally, gold prices in Jordan continue to dominate the economic scene, with wide attention from citizens and traders due to their direct link to global markets and fluctuations in the dollar, making them a key economic indicator reflecting impacts across various commercial and living sectors.