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Most Gulf shares rise on dovish Fed tone; Mideast in focus
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Gulf advanced on Tuesday as US rate worries eased, while investors kept their focus on raging conflict in the Middle East after a surprise attack by Hamas militants on Israel over the weekend.
Top Federal Reserve officials on Monday indicated rising U.S. Treasury yields could steer the central bank away from further rate increases.
Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by policy decisions by the Fed because most regional currencies are pegged to the U.S.
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