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المشهد العربي
Gold shifts to gains after two weeks
For gold investment, the prices of the yellow metal have rebounded after previous losses, as investors evaluate the United States' inflation data. Gold prices for the October contract rose by 0.45%, or $20.6, reaching $4,394.3 per ounce. Meanwhile, the spot gold price increased by 1.50%, recording $4,383.76 per ounce. Despite this rise, prices are still heading toward a third consecutive weekly decline, as markets continue to monitor inflation figures and U.S. consumer confidence.
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