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Source:
المشهد العربي
Gold stabilizes near peak as Treasury shifts
In line with the article's title, gold prices remained close to their highest levels in over two months, trading recently at around $4,508 per ounce for the October contract. The prices rose significantly after the U.S. Treasury announced it would double its purchases of bond repurchases and long-term securities to support liquidity. This comes amid concerns over inflation related to the war with Iran and increasing odds of interest rate hikes, according to options market data.
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