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Gold stabilizes near two-week high as US rate hike expectations decline

July 6, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Gold stabilizes near two-week high as US rate hike expectations decline

Gold prices stabilized this Monday near their highest level in two weeks, after last week's US jobs report, which came in lower than expected, led to a slight decline in expectations for the Federal Reserve (the US central bank) to raise interest rates. The price of gold in spot transactions remained at $4175.02 per ounce, after recording weekly gains of over 2 percent on Friday, following four consecutive weeks of decline.

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