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المشهد العربي
Gold stabilizes ahead of US inflation report
Gold prices stabilized during Thursday’s trading as investors awaited important U.S. inflation data that will influence the Federal Reserve's decision on interest rate hikes. The probability of a rate increase is estimated at 60% according to the CME FedWatch tool, despite most economists expecting no change. Meanwhile, the market is also monitoring other indicators, such as ongoing anticipation of producer and consumer price data. Additionally, Japanese markets experienced a decline after oil prices reached $100 per barrel, amid international warnings about the use of betting platforms for money laundering.
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