UAE Gold Prices Drop Significantly
Singapore witnessed the largest money laundering case in the country's history, with luxury properties auctioned off for huge sums, as wealthy individuals' funds flow to support the U.S. Congress midterm election campaign. Additionally, a record-breaking deal was announced in the oil market, as the United States gained control of 65 billion barrels of Venezuelan oil. Meanwhile, global markets declined amid rising fears of interest rate hikes and their repercussions on stocks and gold.
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