US August PPI Exceeds Expectations, Boosting Fed Rate Hike Odds and Pressuring Gold Prices

Published: Sep 11, 2026 13:28

Save

[SMM Precious Metal Express] US August PPI came in at 5.4% year-on-year, above the expected 5.3%, with the prior reading revised from 4.7% to 4.8%. The stronger-than-expected PPI lifted market expectations for a Fed rate hike next week, with September hike odds rising to 70%, serving as the key data-driven negative that triggered the overnight plunge in gold prices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 mins ago

SMM Silver Express: Hong Kong Spot Premium Narrows to $0.18-0.10/oz Discount

[SMM Silver Express] SMM September 11, this week's SMM silver ingot Hong Kong spot premium (vs. LBMA) closed at a discount of $0.18-0.10/oz, with the overall discount narrowing.

16 mins ago

17 mins ago

US Treasury Buys Back $5.187B in Long Bonds, Falling Short of $6B Cap, Pushing Yields Higher

[SMM Precious Metal Express] The US Treasury completed $5.187 billion in long-bond buybacks, unusually falling short of the $6 billion cap. Treasury Secretary Bessent attributed this to "buying cheap." The shortfall signals marginally weaker demand for long-end Treasuries, failing to provide support and instead pushing yields higher.

17 mins ago

Dollar Index Rises, Treasury Yields Hit Three-Year Highs

[SMM Precious Metal Express] The dollar index rose 0.28% to 99.08, while the 10-year Treasury yield gained nearly 12bp to 4.967%, hitting a fresh three-year high, and the 2-year yield climbed over 15bp to 4.594%.

17 mins ago