The General Manager of the Jobkins Center for Strategic Studies, strategic and economic analyst Engineer Mohannad Abbas Haddadin, stated that gold remains resilient despite undergoing a correction phase. He noted that the precious metal is currently hovering around $4,000 per ounce, as global geopolitical developments continue to exert pressure on it.
اضافة اعلان
Haddadin explained that ongoing ambiguity surrounding the Russia–Ukraine war, coupled with escalating nuclear threats between the United States and Russia—including recent nuclear tests—has contributed to this volatility. Additionally, Iran’s threats toward Israel, which could provoke a new military confrontation, have further fueled uncertainty.
He also pointed to former U.S. President Donald Trump’s attempts to “breach the Great Wall of China” during his past meeting with the Chinese president—through economic measures aimed at reopening old disputes—as a potential destabilizing factor, warning that the U.S.–China economic war is essentially an existential struggle that could reignite at any time.
Haddadin added that the U.S. government shutdown, which continues to loom, could push the American economy to the point of no return, especially with national debt surpassing $38 trillion. The weakness of the U.S. dollar, uncertainty in Federal Reserve policies, and Trump’s impulsive political and economic decisions could all trigger a sudden collapse in U.S. financial markets and lead to further banking sector failures.
He concluded that these economic indicators are collectively increasing pressure on gold, reinforcing its position as a safe-haven asset, and potentially driving prices to reach the $5,000-per-ounce threshold during the first quarter of next year.
