1 Day
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المشهد العربي
Gold and silver dip before US inflation data
Gold and silver prices experienced a slight decline after widespread gains in the market, which were driven by U.S. inflation data showing a year-over-year decrease in inflation for the second consecutive month. This situation reduced the likelihood of an interest rate hike during the upcoming December meeting to 40%. Attention was also focused on the upcoming release of the U.S. Producer Price Index to gauge the Federal Reserve's future course, amid concerns about a continued slowdown in oil demand and political tensions between Washington and Tehran.
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