Police investigate suspected arson in overnight Stoney Creek business fire - CHCH

(Kitco News) - After a solid overnight rally, rising inflation fears are limiting gold’s recovery Thursday, as higher producer prices show that the growing threat is unlikely to abate anytime soon. The U. S. headline Producer Price Index (PPI) jumped 1.3% in September, following August’s revised 0.5% increase, the U. S. Labor Department announced Thursday. The latest headline data was significantly hotter than expected, as economists had forecast a 0.6% increase. “The September increase is the largest advance since rising 1.7 percent in March 2022,” the report said. Over the last 12 months, headline wholesale inflation increased 6.3%, above the expected 5.3% rise. The report noted that this was the biggest annual increase since December 2022. Core PPI, which strips out volatile food and energy costs, rose 0.7% last month, above economists’ consensus forecast of 0.3% and following August’s upwardly revised 0.3% increase. Annual core PPI rose 5.0%, above consensus estimates of 4.4%. The gold market is holding on to its overnight gains above $4,100 an ounce. Spot gold last traded at $4,151.90 an ounce, up more than 1% on the day.

When she woke up in the middle of the night last Thursday, Jasmine Ault went to check her phone like she usually would. But she didn’t expect to see a notification telling her that her Instagram and Facebook account had been permanently disabled by Meta. It was only the start of an odyssey of frustration and anxiety spanning multiple days as Ault struggled to get to the bottom of how 20 years of personal data and professional contacts had been taken from her overnight  — all while being stonewalled by AI customer service with no option to reach a human being, even after paying extra. “It feels like I've lost everything in a metaphorical fire with my digital albums and my digital memories,” Ault, who lives in Toronto, told CBC News. “And who's going to protect those if I can only speak to AI?”Ault is only the latest victim in a pattern growing increasingly common over the past two years. Numerous Canadians have reported their Meta accounts being abruptly wiped, leaving them stuck interfacing with AI chatbots unable to grasp the complexities of their situation.