22 Hrs
Source:
الاقتصادية
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Gold falls for third day amid rate hike outlook
Gold prices declined today, Wednesday, for the third consecutive session, reaching $3,990 per ounce, as investors indicated the possibility of the U.S. Federal Reserve raising interest rates to control inflation. Silver prices also fell by 1.3% to $58 per ounce, recording a 22% drop in the second quarter of the year, the worst since 2013. These changes come amid speculation about rising interest rates and their impact on the non-yielding metal, alongside ongoing monitoring of US-Iran talks in the region.
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