Today, Wednesday, October 28, 2026, the price of gold in Jordan witnessed cautious stability as local markets await the performance of the global ounce, which in turn awaits the US Federal Reserve’s decision on interest rates expected to be issued later today.
In morning trading, the price of a gram of 21 carat gold stabilized at about 81 dinars (equivalent to $114.23), trading below the support level of 85 dinars, affected by fluctuations in the global ounce and weak local demand.
As for the rest of the calibers, a gram of 24-karat gold recorded about 92.56 dinars ($130.55), 22-karat gold reached about 84.85 dinars ($119.67), while 18-karat gold recorded about 69.42 dinars ($98). In turn, the price of the gold pound – weighing 8 grams of 21 carat – reached about 647.92 dinars ($913.84), without taking into account manufacturing fees.
Globally, gold prices seek to maintain their position at the pivotal level of $4,000 per ounce, as precious metals markets await the US Federal Open Market Committee’s statement and the press conference of the bank’s president, Kevin Warsh, to determine the signals of the upcoming monetary policy path.
An ounce of gold in spot transactions recorded about $4,065, while futures contracts for December delivery traded at about $4,075. Expectations indicate that the Federal Reserve will keep interest rates unchanged today, with the possibility of providing signals about raising them again in December. According to the Fed Watch tool, the markets are exposing an 80% probability of an interest rate hike during next December.
In addition, investors’ eyes are directed towards other major central bank meetings this week, as the Bank of Japan holds its meeting following the Federal Reserve’s decision, while the European Central Bank is expected to keep interest rates unchanged tomorrow, Thursday. The markets are also awaiting the release of data on the US personal consumption expenditures index tomorrow, Thursday, which is the Fed’s preferred measure for tracking inflation in an effort to achieve the 2% target.
