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فلسطين أون لاين
Gold drops from seven-week peak amid U.S. inflation data
Oil prices rose as hopes for a quick reopening of the Strait of Hormuz diminished, due to escalating regional tensions and the Israeli occupation's detention of 19 civilians and shooting a young man in the West Bank. Meanwhile, the market is also awaiting US economic data, amid expectations of a rate hike by the American Federal Reserve, which has impacted gold's stability, as it faces a week-long downward trend. This escalation in tensions follows the occupation's massacres in Gaza and the funeral of 112 martyrs, as well as ongoing US-Iranian tensions, prompting oil to reach its highest level in six weeks.
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