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الشارقة 24
Gold nears 7-week high on Strait hopes
Gold prices rose today, Thursday, reaching $4,254.98 per ounce, marking its highest level in seven weeks. The increase was supported by a weakening dollar and hopes of reopening the Strait of Hormuz, amid a decline in expectations of a rate hike by the U.S. Federal Reserve to 55%, down from 67% just two days ago.
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