On September 10, 2026, the release of US inflation data triggered a decline across major financial markets, including Bitcoin, gold, and the S&P 500. Producer prices rose 0.4% in August, bringing the annual rate to 5.4%, which exceeded the expected 5.3%. Core PPI increased by 4.6% year-over-year, while initial jobless claims reached 206 000.
Gold prices fell by more than 1%, dropping toward $4 350 after previously trading above $4 400. The market reaction was driven by rising Treasury yields, with the 10-year yield climbing above 4.9%—the highest level since October 2023—and the 30-year yield reaching approximately 5.35%.
The data led to an increase in expectations for a September interest rate hike, with the CME FedWatch tool indicating a 70% probability, up from roughly 62%. A stronger dollar, coupled with higher yields on government debt, created significant headwinds for non-yielding assets like gold and Bitcoin.
Bureau of Labor Statistics data showed that final demand goods prices rose 1.1%, with energy costs accounting for over three-quarters of this increase. Investors are now awaiting the Consumer Price Index report scheduled for Friday to assess further pressure on the Federal Reserve regarding monetary policy.
