Exclusive – The recent surge in local gold prices has reignited questions about the expected price trajectory in the coming period, and whether it is advisable to continue purchasing or wait for potential corrections. Reaching record levels, such as 21-karat gold at JOD 92.7 per gram for sale, reflects global market instability more than purely local factors, making future prices largely dependent on complex and interconnected external developments.
اضافة اعلان
In the short term, analysts expect continued upward volatility, driven by increasing global demand for gold as a safe haven amid ongoing geopolitical tensions, slowing growth in some major economies, and uncertainty surrounding central bank decisions on interest rates. These combined factors could keep gold at high levels, with the possibility of reaching new peaks if global risks escalate or confidence in major currencies declines.
Conversely, prices may experience temporary corrections, especially if positive developments occur in the global economic landscape or if monetary policies tighten further, easing pressure on gold prices. Experts, however, note that such corrections are likely to be short-lived, given the sustained view of gold as a medium- to long-term hedge.
Locally, investment demand is expected to remain stronger than consumer demand, as rising prices and manufacturing costs reduce purchases of jewelry. Many buyers are shifting toward gold bars and coins as a means of saving and preserving value. This shift in buying behavior could keep the market active even at high price levels.
Therefore, the decision to continue buying gold in the coming period should depend on the buyer’s purpose and financial capacity. Gold appears well-positioned to retain its value in an unstable economic environment, but caution is advised for large or short-term purchases. With potential price rises balanced against correction risks, gold remains more of a defensive asset than a tool for quick gains, pending how global developments unfold in the coming months.
