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الشارقة 24
Dollar hits two-month peak amid inflation concerns
Oil prices declined after a 4% increase in the previous session, amid concerns about weak demand and market volatility. In the UAE, the price of 24-karat gold fell to 516.25 dirhams, while the US dollar reached its highest level in two months due to inflation fears and ongoing interest rate hikes. Additionally, global economies, including the United States and Russia, continue to face unresolved economic issues, and India's second-largest IPO is now facing a market valuation test.
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