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الاقتصادية
Gold stays above 4000 amid Strait tensions
Gold prices declined today by 0.5%, reaching $4,085 per ounce, while silver fell by 1% to $58.70. This comes amid increased pressure due to expectations of a rate hike by the U.S. Federal Reserve, as well as renewed hostilities between the U.S. and Iran in the Gulf region. However, reports are emerging of an agreement to cease fire and resume negotiations. Since the conflict began, gold has lost 23%, affected negatively by rising inflation and expectations of higher interest rates, which have had an adverse impact on the yellow metal.
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