Gold Retreats from 4-Week High as Dollar Gains Slightly - Jordan News
Gold Retreats from 4-Week High as Dollar Gains Slightly Gold prices declined on Tuesday, pulling back from their highest level in nearly four weeks, as a slight recovery in the U.S. dollar weighed on the yellow metal. However, ongoing uncertainty surrounding U.S.–China trade talks kept investor caution intact and limited the downside. اضافة اعلان Spot gold fell 0.5% to $3,362.57 per ounce as of 04:29 GMT, after earlier hitting its highest since May 8. U.S. gold futures dipped 0.3% to $3,386.60. Gold had previously jumped about 2.7% in the prior session, marking its strongest daily gain in over three weeks. 'The dollar recovered slightly, and gold fell—so they are moving inversely at this point,' said Brian Lan, Managing Director at GoldSilver Central in Singapore. Despite the dip, gold continues to track global trade developments closely. While there was a minor pullback in investor positions, it wasn't as steep as during previous moments of apparent de-escalation in trade tensions, Lan added. The U.S. Dollar Index also recovered slightly from a six-week low, maintaining its influence on gold pricing. Trade Tensions in Focus: A call between President Donald Trump and Chinese President Xi Jinping is expected this week, according to the White House. The U.S. plans to double tariffs on steel and aluminum imports to 50% on Wednesday, coinciding with the deadline set by the Trump administration for countries to improve their trade offers. The European Commission announced it will present strong arguments this week for the U.S. to reduce or eliminate these tariffs, despite Washington's intention to increase them. Other Precious Metals: Silver: down 1.9% to $34.12/oz Platinum: up 0.1% to $1,064.66/oz Palladium: down 0.1% to $986.10/oz
Volatility remains elevated across precious metals markets amid currency shifts and geopolitical developments.
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The scene seemed exceptional in a world where emotions are usually controlled by the rhythm of protocol. However, the man chose to express his gratitude with Eastern frankness, not devoid of the warmth of Beijing. Those tears, as one of the attendees commented, "were not shed on the airport asphalt, but on the soil of a second homeland that its owner loved until the last day of his mission." This emotional dimension does not detract from the professional nature of the outcome; it merely confirms that relations between peoples, when formulated sincerely, transcend the language of technical interests to touch the hearts of individuals. Second: Ten Years of Strategic Partnership... A Busy Achievements Calendar A full decade ago, in 2015, Amman and Beijing announced the elevation of their relations to a strategic partnership. 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This cooperation aligns with the Kingdom's Vision 2030 to reduce emissions and ensure security of supply. Belt and Road Initiative: Signing a Memorandum of Understanding and opening the door to the establishment of logistics corridors linking Aqaba to Chinese Red Sea ports, in addition to projects to digitize ports and railways. This is how the Chinese philosophy is translated: seamless trade intersects with Jordan's ambition to become a regional hub linking Asia, Europe, and Africa. Third: Culture and Education... The Bridge That Politics Cannot Destroy The strength of relations between countries is not measured by trade balance indicators alone, but rather by the depth of cultural exchange and human interaction they reflect. The Jerash Festival has become a model for this cultural convergence, hosting Chinese troupes for successive years, presenting performances of traditional music and contemporary dance. 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Between the lines lies the understanding that international relations are not built solely on agreements signed behind closed doors; rather, they are built on simple human rhythms: a friend who becomes familiar with a street, masters a new language, says "good morning" in the Ammani dialect, and the neighbors respond with "你好" at the door. This intimacy may seem like a marginal detail on the Foreign Ministry's agenda, but it is a spirit capable of moving the wheels of the economy, culture, and politics in directions that are difficult to measure with numbers. And then: Where do Where do we go from here? As Jordan and China mark the tenth anniversary of their strategic partnership, they close a chapter enriched by Ambassador Chen Chuandong's efforts and open a new one poised to tackle shared challenges—post-pandemic recovery, energy security, and climate change. This is a moment for both nations to co-create a development model that fuses innovation with cultural diversity and adapts technology to Jordan's unique context, all while benefiting from China's openness and experience. Though Ambassador Chen is preparing to leave Amman, the legacy he leaves behind—from solar panels glinting in the desert sun to the harmonies of "Zhong Rui" echoing through the Jerash Amphitheater—will endure. It serves as lasting proof that when diplomacy is guided by empathy and vision, it writes more than agreements; it writes relationships. In a world where headlines fade fast, perhaps the most enduring mark of an ambassador is this simple line etched into the history of two nations: 'A friendship was born here.'
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a day ago
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