Gold holds steady as U.S. rate hike prospects studied
The Israeli interest rate cut put pressure on the shekel, amid an increasing gap between interest rates in Israel and the United States, which caused the dollar to rise as bets on a US interest rate hike grew. Nevertheless, gold prices stabilized amid anticipation of US inflation data. The military escalation in Gaza resulted in the death of three martyrs and injuries to others due to Israeli shelling, while seven people were killed and others wounded in shelling and gunfire in the sector.
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