PPI Beats Expectations, Lifting September Rate Hike Hopes as US and Brent Crude Oil Both Break $100

TechFlow reported on September 11 that, according to Jinshi Data, the latest published PPI data exceeded expectations, directly boosting market expectations for a Federal Reserve rate hike in September. Influenced by this macroeconomic factor, international gold prices experienced significant volatility, temporarily plunging $120 from the intraday high during trading.

On the geopolitical front, Yemen's Houthi forces recently captured several cities and key strategic locations along the Red Sea coast, causing shipping risk premiums to surge sharply. Driven by supply concerns and escalating geopolitical tensions, the oil market rallied strongly, with both U.S. WTI crude and Brent crude prices breaking past the $100-per-barrel mark.