23 Hrs
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المشهد العربي
Gold dips amid rising tensions
Gold prices slightly declined during Wednesday's session, influenced by a cautious market awaiting the release of key U.S. inflation data, amid escalating geopolitical tensions between the United States and Iran. The spot price of gold rose by 0.65% to approximately $4,383.67 per ounce, while the October contract decreased by 0.20% to $4,397.3. There were also expectations of a potential increase in U.S. interest rates by 60% at the Federal Reserve meeting scheduled for mid-September, which added to market uncertainty and impacted the performance of precious metals.
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