Gold fell sharply Thursday (GLD 403.35→396.36, ~-1.7%) as traders raised Fed rate-hike bets on stronger-than-expected PPI, but spot gold is bouncing on Sept 11 (Trading Economics: "Gold rose to 4,347.78 USD per troy ounce, up 0.71% from the previous day"). After that oversold drop I lean up for the session, with a hot August CPI reinforcing rate-hike fears as the main downside risk.