Gold drops amid Middle East concerns
An economic expert stated that the Israeli interest rate cut puts pressure on the value of the shekel, amid widening interest rate gaps between Israel and other markets. At the same time, oil continues to rise due to tensions in the Middle East, as the region is going through a critical turning point, according to Chinese positions advocating for dialogue and de-escalation. Additionally, three people were martyred and others injured in an Israeli bombing in the Gaza Strip, while Gaza recorded 21 martyrs along with a number of injured and missing persons due to a building collapse affecting displaced civilians.
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