Iran Conflict Raises Global Interest Rate Forecasts
Gold prices declined near a two-week high amid decreased expectations of an upcoming US interest rate hike, leading to a drop below $4,000 and the possibility of weekly losses. The dollar also fell as expectations for a US rate increase diminished. In other news, 11 people were killed and others injured, including a journalist, in ongoing shelling in the Gaza Strip, while a reformation of the legislative council is expected to ensure a pro-majority.
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