Gold Gains While Brent Falls
The news reports that gold prices are heading for their biggest weekly decline in a month and a half, after rising by more than 2% due to weak inflation data in the United States. The data shows the impact of these figures on the markets, confirming that low inflation reduces expectations of interest rate hikes and temporarily drives gold prices higher. Additionally, the market is monitoring fluctuations in gold prices in Jordan and developments in the Gaza Strip, where Israeli shelling has resulted in the death of nine martyrs and injuries to others, amid increasing violations by the occupation.
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