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Gold Gains as US Rate Hike Bets Rise
The gold price rose by approximately 2% to reach $4,400.06 per ounce, following previous declines, amid expectations of a potential increase in U.S. interest rates next week. This comes after the consumer price index increased by 0.4% in August, with an annual inflation rate of 3.4%, reflecting the market's reaction to the possibility of monetary policy tightening by the Federal Reserve.
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