Demand for gold jewelry has risen in recent days following the end of the General Secondary Education Certificate exams, according to the head of the Jordanian Jewelers Association, Rabhi Allan.
اضافة اعلان
Allan, as quoted by Al-Rai daily, noted that the demand for gold jewelry improved after the conclusion of the exams and the arrival of expatriates spending their summer holidays in the country.
He added that gold prices remain stable due to the closure of global markets in the United States for the holiday.
Gold prices rose on Wednesday, supported by a weakening U.S. dollar and declining Treasury yields, amid market anticipation for more clarity on President Donald Trump’s trade policy.
According to Bloomberg, gold futures for August delivery rose by 0.31% to $3,346.90 per ounce.
Meanwhile, spot gold prices increased by 0.46% to $3,339.95 per ounce, according to trading data.
The decline in the dollar has boosted the appeal of gold for holders of other currencies.
