In September, the U.S. PPI rose by 1.3% month-on-month, and inflation concerns have resurfaced

In September, the U.S. PPI rose by 1.3% month-on-month, marking the largest increase since March 2022, raising concerns about inflation. U.S. Treasuries surged against the trend due to safe-haven buying, with the ten-year yield falling back to above 5.08%. Gold attempted to reverse the downward trend since August.