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الوطن
Gold drops to $4,363
Gold prices worldwide declined due to the rising dollar and expectations of tightening US monetary policy, with the price per ounce dropping to around $4,363 after reaching a weekly high on Friday. This decline comes amid increasing odds of a US interest rate hike to 88% in December, which adds pressure on the precious metal that does not generate income. Meanwhile, geopolitical factors and rising energy prices continue to influence inflation forecasts and global interest rate outlooks.
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