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Dubai gold prices increase slightly, but 24K still below Dh500

Dubai: Gold inched up after sliding to a nine-week low on Wednesday. New Middle East tensions stoked inflation worries and traders now expect the Fed to raise rates at least once more in 2026. Gold climbed by as much as 0.8% to around $4,140 an ounce, rebounding from the previous session's close, which was its weakest since early August.

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