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الحقيقة الدولية
Gold stays steady amid prolonged high interest rate outlook
Gold prices remained steady at around $4,357 per ounce, amid expectations that central banks will continue raising interest rates for a longer period to control inflation. The U.S. Federal Reserve increased the interest rate to a range of 3.75-4%, with a possibility of further hikes before the end of the year. Although gold is considered a hedge against inflation, rising interest rates diminish its attractiveness, while other precious metals saw slight gains.
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