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Gold Prices in Bahrain Rise
Gold prices in Bahrain rose during Wednesday’s trading session, coinciding with a global increase in the ounce price to high levels amid anticipation of U.S. inflation data and an assessment of interest rate paths. The rise comes amid continued demand for the metal as a hedge, along with growing concerns about the future of the global economy and energy prices. Worldwide, the price of an ounce surpassed $4,400, with investors focusing on the ounce remaining above the $4,300 support level, which is a key factor for sustaining the upward trend if the price stays above it.
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