Gold prices have seen significant increases globally, with local markets reporting sharp rises. In Karachi, gold surged by Rs2,000 to Rs262,100 per tola, influenced by the international price crossing $2,500 per ounce. Similarly, in Jordan, prices rose by 40 piasters, with 24-carat gold selling at JD55.9 per gram. The rise in gold prices is attributed to a weaker US dollar and expectations of a Federal Reserve rate cut, following signs of a slowing labor market in the US. As a result, spot gold reached $2,514.79 per ounce, with forecasts suggesting that gold could approach record highs if the Fed implements significant rate cuts. In contrast, silver prices remained stable in the local markets, with slight fluctuations reported in some regions.