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المشهد العربي
Gold dips as dollar and yields rise
Gold prices declined on Tuesday due to the strength of the dollar and U.S. bond yields, with the dollar index remaining steady at 102.17 points. The market is now pricing in a 76.2% chance that interest rates will stay unchanged during the October meeting, compared to a 67.6% probability of a rate hike in December. This comes alongside data showing a slowdown in the U.S. services sector and ongoing inflationary pressures, which suggest these pressures may persist until 2027.
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