Why Gold (GOLD) fell 1.49%
Gold (GOLD) fell 1.49% on September 11, 2026 — Strong U.S. PPI lifts yields and USD, pushing gold lower.
What happened
U.S. Producer Price Index came in hotter than expected, lifting real yields and strengthening the dollar; gold broke below its 100-day moving average as a result.
Why it moved
Higher real rates and a firmer dollar reduce gold's carry advantage and unwind safe-haven bids—the asset loses appeal when the dollar is strong and risk-free returns rise.
Why it matters
This is a Precious Metals cycle reversal: the inflation-hedge narrative that powered gold's climb now meets a higher-for-longer rate regime, where nominal yields compress real returns.
What would break the thesis
If PPI is revised lower or yields reverse sharply on recession fears, rate-cut expectations could snap back and restore gold's bid.