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اليوم السابع
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21K Gold hits 2.5-month low
Gold prices have decreased globally and in Egypt as well, reaching their lowest point in two and a half months. This decline was driven by a drop in ounces and a market consensus that U.S. interest rates are likely to be raised before the end of the year. The ongoing tensions related to the Iran conflict and the failure of negotiations to end military intervention in Lebanon also contributed to this outlook. The performance of gold was predominantly downward, as it broke below its 200-day moving average and fell below the upward trend line, with prices fluctuating between gains and losses throughout the week.
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