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UAE: Gold prices drop after Opec+ announces surprise oil output cuts
Gold prices slid on Monday morning after a surprise announcement from Opec+ about a cut to oil output sparked inflation concerns and raised bets of an interest rate hike at the US Federal Reserve's upcoming May meeting. Spot gold was down 0.25 per cent at $1,953.18 per ounce as of…
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Click here to read the full story: Khaleej Times