Gold Prices Don't Soar as Middle East Heats Up Again, Here's Why

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Although the situation in the Middle East is heating up again, the price of gold has stagnated and has not experienced a significant increase like before. People today prefer to invest in foreign currencies to achieve short-term profits rather than buying gold as a long-term investment asset. The wide difference between the buy price and the selling price of gold also reduces public interest due to concerns about losses when reselling gold. Nevertheless, observers predict that the price of gold will continue to rise in the future because the war in the Middle East is expected to continue.

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