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وكالة بغداد اليوم الاخبارية
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وكالة بغداد اليوم الاخبارية

2026-07-16T08:55:28.000Z

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وكالة بغداد اليوم الاخبارية

Source: وكالة بغداد اليوم الاخبارية

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Gold Declines as Inflation Easing Hopes Fade Amid Middle East Escalation

Gold Declines as Inflation Easing Hopes Fade Amid Middle East Escalation

Gold prices declined today, Thursday, as tensions in the Middle East escalated. The price per ounce fell by 0.6% to approximately $4,034 in spot trading, while U.S. August futures contracts also decreased by 0.3%. This decline is attributed to rising oil prices due to military tensions in the region, which heightened concerns about inflation and its impact on U.S. interest rates. Markets are awaiting the Federal Reserve's decisions regarding interest rate hikes, amid a decline in other precious metals such as silver, platinum, and palladium.

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