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There would only be a magnetic field surrounding a conductor if it has both current flow and is a single wire not in proximity of the neutral conductor. If the wires were together like normal there would be no magnetic field because current flow is in opposite direction in each conductor and magnetic fields are canceled. It is highly unlikely that there is a single conductor in the top of a refrigerator and that the magnetic field would be strong enough to pass through the steel case and damage the watch. (Myth Busted)
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