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المشهد العربي
Gold prices fall amid Fed remarks and tensions
Gold prices declined following hawkish statements from the Federal Reserve Chairman regarding the potential interest rate hikes to combat inflation, amid escalating military tensions in the Middle East that heightened concerns over rising global inflation. Additionally, the intensification of military actions between the United States and Iran led to higher oil prices, further fueling inflationary pressures on the global economy, with a 60% probability of a rate increase at the upcoming Federal Reserve meeting in September.
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