Hot spot tracking

  • 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.

Product Hot Comment

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  • Gold
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  • Crude Oil
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