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The president of Jordanian Jewelers' Syndicate Mr. Rebhi Allan estimated that the demand for the gold market had declined from the beginning of this year to the current period by 70 percent compared to the same period last year. In a statement to the effect that the decline in demand for the gold market was due mainly to the effects of the war on Gaza and the reduction of purchasing power, Allan pointed out that the decline in demand for the gold market was due to the most important factors. He stated that the highest price of the ounce had been the beginning of the current month, reaching $2060, as yesterday the price of the ounce was about $2026.