Gold price rally amid Fed rate-cut expectations

Key developments

1. Sep 12, 2026

   UBS reverses course, now forecasting two more Fed rate hikes in September and December 2026.

2. Sep 12, 2026

   Diesel prices surge to record highs as refiners run near capacity amid Hormuz-related outages.

3. Sep 12, 2026

   Georgia gas prices climb to $3.89 a gallon as the national average nears $4.00 for a record Labor Day.

4. Sep 12, 2026

   Dow futures fall and oil jumps as investors await Apple's event and key inflation data.

5. Sep 12, 2026

   US inflation rises 0.4% in August with gasoline prices surging, keeping Fed rate-hike expectations in focus.

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Stories in this storyline

Finance

US inflation rises 0.4 percent in August as Pakistan weekly rate jumps

Inflation remained stubborn in the United States in August, with the CPI up 0.4% month over month as gasoline prices surged, while core inflation cooled slightly but still pointed to tighter policy expectations for a Fed rate hike. Meanwhile in Pakistan, the Sensitive Price Index jumped 8.62% year over year for the week, led by onions and petroleum products, underscoring persistent cost pressures even as some food items fell.

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Finance

U.S. producer prices rise 0.4% in August matching forecasts

August’s PPI increased 0.4% month over month with year‑over‑year readings around 5.4%–5.5%, though revisions to prior months have sparked questions about whether the data meets consensus expectations and how it feeds inflation and policy expectations. Core PPI rose 0.2% (YoY about 4.6%), while analysts and investors weigh the impact of higher energy costs and ongoing geopolitical tensions on inflation and asset valuations.