The financial markets witnessed notable movements following the release of the U.S. Producer Price Index data, which came in higher than expected, raising concerns about the possible monetary policies of the Federal Reserve at its upcoming November meeting.

According to the data released today, the U.S. Producer Price Index recorded about 1.8% in September on an annual basis, which was lower than expectations that anticipated a figure of 1.6%. It is worth noting that the reading for August had recorded 1.9% after being revised up from 1.7%.

Additionally, the core U.S. Producer Price Index recorded about 2.8% on an annual basis in September, higher than market expectations that anticipated a core Producer Price Index of about 2.7%. The reading for August had recorded a growth rate of 2.6%, revised up from 2.4%.

Here’s a look at the performance of financial markets:

Performance of the U.S. Dollar Index

The Dollar Index performed negatively despite the release of the Producer Price Index data, which leaned towards the positive, as the Dollar Index rose by 0.01% and is currently hovering near the levels of 102.86 points.

Performance of Gold

Spot gold contracts have risen significantly amid the weakness of the U.S. dollar (there is an inverse relationship between gold and the dollar), and gold is currently trading near levels of $2,674 per ounce.

Performance of Crude Oil Contracts

U.S. crude oil contracts experienced a drop of about 0.19%, reaching levels of $75.41 per barrel. Additionally, Brent crude spot contracts are trading near levels of $78.90 per barrel.

Bitcoin Prices

The price of Bitcoin has seen an increase of approximately 4.36% and is currently trading near levels of $62,906.

Performance of U.S. Stock Indices

The Dow Jones Industrial Average recorded an increase of about 366 points or 0.86%, and is trading near levels of 42,820.94 points. Meanwhile, the S&P 500 rose by 0.56% or 32 points, trading near levels of 5,812.58 points.