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Source:
المشهد العربي
Gold rises for second session amid rate hike easing
Gold prices rose for the second consecutive session as inflation risks in global markets declined, following announcements from Washington and Tehran about a political settlement to end their military conflict. This development reduced expectations of interest rate hikes by the Federal Reserve. Meanwhile, the dollar and Treasury yields fell, and a final agreement is expected to be signed in Switzerland on Friday, with the Strait of Hormuz opening again to restore global shipping traffic.
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