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Spot gold fell below the $4,300 per ounce mark following the CPI release.

BlockBeats news, September 11, according to Bitget market data, after the CPI release, spot gold plunged more than $50 in the short term, falling below the $4,300 per ounce mark.

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Core CPI at 0.2% month-over-month means the Fed stays put, while 0.3% triggers a rate hike.
The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.
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