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Gold drops amid rising oil and bond yields
The Central Bank of Egypt is moving towards maintaining the interest rate at its current level, closely monitoring inflation trends and their impact on the economy. This decision comes in response to ongoing demands and expectations that inflationary pressures will persist, amid changing domestic and global economic conditions. In a related economic context, Spain recorded a trade deficit of $8.9 billion due to rising imports, while heavy rains in South Korea led to the notification of around 2,500 people and the evacuation of hundreds of residents.
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