August PPI drop boosts Fed rate cut hopes; USD fluctuates, gold steady near highs.

On Wednesday, the August PPI in the United States unexpectedly cooled significantly, causing the US dollar index to fall. However, it later regained lost ground and ultimately closed up 0.07% at 97.81. The benchmark 10-year Treasury yield closed at 4.0930%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5520%.

On Thursday morning (September 11th Beijing time) in the Asian market, spot gold traded around $3642 per ounce, while gold prices hovered near record highs on Wednesday, boosted by expectations that the Federal Reserve will resume interest rate cuts at next week's meeting, after previously released US inflation data was lower than expected.

Oil prices rose for the third consecutive trading day as investors weighed the possibility of Trump taking further punitive measures against Russia. WTI crude oil surged 1.56% to $63.74 per barrel; Brent crude oil ultimately closed up 1.58% at $67.59 per barrel.