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المشهد العربي
Gold drops to two-month low amid oil pressure
Gold prices fell sharply to their lowest levels in more than two months, due to rising oil prices that increased inflation concerns and led to expectations of an extended period of higher interest rates. The price of gold futures contracts declined by 1.65%, reaching $4,080 per ounce. Meanwhile, the spot price also dropped by 1.90%, settling at $4,058.42, amid ongoing forecasts that interest rates will remain high in the near future.
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