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Maroc Maroc - DAILYNEWSEGYPT.COM - Global - 12/Feb 20:00

Gold declines as high interest rates dampen appeal

Global gold prices fell for the second consecutive day after reaching a record high, pressured by rising US Treasury yields and Federal Reserve Chairperson Jerome Powell’s hawkish stance on interest rates. Investors now await key US inflation data for further direction. Gold dropped 0.3% to a session low of $2,883 per ounce on Wednesday before […]

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