On September 16, spot gold surpassed $4,300 per ounce, rising 0.16% for the day. (Jin Shi)
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UK's August CPI rose to 3.1%, reaching the highest level since March, mainly driven by higher fuel prices at petrol stations. Service sector inflation remains sticky at 3.4%. Energy bills in the UK could rise by 25% next year, making it increasingly difficult for the Bank of England to keep rates unchanged.