Better-than-expected PPI data boosts the likelihood of a Fed rate hike in September, causing international gold to plunge $120 from its daily high! Is this an opportunity or a risk?

· The US August PPI annual rate was 5.4%, below the expected 5.3%, and the previous value was revised from 4.70% to 4.8%. The probability of a Fed rate hike in September has risen to 70%. This news is bullish for the US dollar and bearish for gold. · OPEC's monthly report: Saudi Arabia's crude oil production in August hit its lowest level since 1990; the report also lowered its forecast for oil demand growth this year for the fifth consecutive time. This news is bullish for crude oil. · Sources say the White House's copper tariff plan has stalled. This news is bearish for COMEX copper.

TOPONE Markets Analyst

2026-09-11 08:31:58