68 Days
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المشهد
Gold declines as rising interest rate expectations diminish its appeal
Gold prices declined today to their lowest level in a week, due to rising oil and dollar prices resulting from the escalation of US military attacks on Iran. This has heightened inflation concerns and increased the likelihood of interest rate hikes in the United States to more than 67% in September. The downward pressure on gold is attributed to rising US bond yields and a strengthening dollar, as investors await the Federal Open Market Committee's meeting minutes to gauge the future direction of monetary policy.
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