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المشهد العربي
Tighter US policy drags down gold
Gold prices experienced a significant decline due to expectations of tightening monetary policy in the United States and rising interest rates, following the release of a strong U.S. jobs report. Gold futures fell by 0.70%, while geopolitical tensions in the Middle East increased, supporting higher oil prices and raising concerns about global inflation. Additionally, the dollar index remained steady at 100.00 points. The price of an ounce stood at $4,335.40 in futures contracts and $4,286.34 in spot transactions.
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