21 Hrs
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كل الاردن
Global surge in gold and dollar
Gold prices worldwide rose today, Tuesday, with the price of an ounce reaching $4,130.58 after declining for more than seven weeks. This comes amid concerns that the Federal Reserve might continue raising interest rates for a longer period. Despite a 0.4% increase in spot gold prices, futures contracts declined by 0.2%. Investors are awaiting the release of U.S. economic data that will determine the future direction of interest rates. Meanwhile, the dollar remained near a two-month high, amid fluctuations in oil prices and Treasury yields.
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