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المشهد العربي
Gold dips ahead of Fed decision
Gold prices experienced a slight decline, approaching $4,340 per ounce, following a 0.3% rise in US inflation in August. This increases the likelihood of the Federal Reserve raising interest rates at its upcoming meeting this week. Expectations now stand at an 88% chance of a rate hike, putting pressure on the yellow metal, which does not generate income, and affecting the market due to rising borrowing costs. These developments led to a 1.8% decrease in gold prices over the week.
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