General News
Gold Rises Over 1% as Investors Digest Fed Hike, Oil Rally Stalls
By Angel No Lie | KPD Online | 17 September 2026 | Independent Markets Report
Gold prices moved higher on Thursday as investors assessed the U.S. Federal Reserve’s latest interest-rate decision, while easing concerns over Middle East oil supplies took some momentum out of the recent crude rally.
Spot gold was initially up more than 1% in Asian trading, reaching about $4,310.49 per ounce at 0149 GMT, according to Reuters. Later in the session, the gain had moderated to 0.8%, at $4,295.26, showing how quickly prices were adjusting after the Fed decision.
Oil rally loses momentum
The other major part of the market story is oil.
Brent crude futures fell 1.2% to $104.59 a barrel, while U.S. West Texas Intermediate declined 1.1% to $101.29 in early Thursday trading. Both contracts had fallen by roughly $3 on Wednesday.
The decline followed reports that Saudi Arabia was offering additional crude cargoes to Asian buyers through ship-to-ship transfers off Sohar, Oman.
The alternative export route is helping reduce immediate concerns about supply disruptions following attacks on Saudi Arabia’s East-West pipeline and disruption at the Red Sea export hub of Yanbu.
Commodity snapshot
| Asset | Latest reported move |
|---|---|
| Spot gold | $4,295.26/oz, +0.8% |
| Spot gold earlier | $4,310.49/oz, +1.1% |
| U.S. gold futures | $4,333.90/oz, -1.2% |
| Brent crude | $104.59/bbl, -1.2% |
| WTI crude | $101.29/bbl, -1.1% |
| Silver | $63.73/oz, +1.2% |
| Platinum | $1,783.56/oz, +1.7% |
| Palladium | $1,296.70/oz, +2.2% |
Figures reflect different points in Thursday’s trading and therefore should not be interpreted as simultaneous closing prices.
Why oil matters for gold
Oil and gold are responding to several of the same macroeconomic forces, but in different ways.
Higher oil prices can intensify inflation concerns because energy is an important input into transportation, manufacturing and household costs. Persistent energy inflation can, in turn, make central banks more reluctant to cut interest rates.
Conversely, a sustained decline in oil prices could reduce some inflation pressure. Reuters quoted OANDA analyst Kelvin Wong as saying continued oil weakness could provide additional support for gold over the medium term.
For now, however, the oil market remains exposed to developments in the Middle East. Reuters reported that the East-West pipeline disruption has not been fully resolved and that uncertainty remains over repairs.
The bigger picture
The market is therefore dealing with two competing forces.
For gold:
- renewed safe-haven demand;
- geopolitical uncertainty;
- expectations surrounding inflation;
- technical buying after the recent decline;
- but also pressure from relatively high U.S. interest rates.
For oil:
- continuing geopolitical and transportation risks;
- disruption affecting Saudi export infrastructure;
- alternative shipment arrangements through Oman;
- and signs that some immediate supply fears are easing.
Independent assessment
Thursday’s market action does not point to a single, straightforward trend.
Gold’s initial more-than-1% rise was significant, but the subsequent moderation shows that investors remain sensitive to the Fed’s higher-for-longer interest-rate signal. Meanwhile, oil’s retreat suggests that alternative Saudi export arrangements have reduced some of the immediate supply anxiety, although the underlying Middle East risks remain.
The key question for markets is whether oil prices continue to fall as supply routes normalize, or whether renewed disruptions push energy prices higher again. That outcome could materially influence inflation expectations, interest-rate expectations and, consequently, gold.
In short: gold is being supported by defensive and technical factors, while oil is losing some of its geopolitical risk premium—but neither move should yet be interpreted as a settled new market direction.
Sources: Reuters; U.S. Federal Reserve.
Entertainment
All Support Acts on Ed Sheeran’s US Tour Quit After Macklemore Dropped
Ed Sheeran’s North American Loop Tour has lost all of its remaining scheduled supporting acts after rapper Macklemore was removed from the tour following pro-Palestinian comments he made during performances in New Jersey.
The departures involve Finneas, Lukas Graham, Aaron Rowe and Irish folk group Beoga, with the artists citing concerns about artistic expression and solidarity with Macklemore.
Four supporting acts leave
Following Macklemore’s removal, the remaining support artists announced their departures.
| Artist | Role on tour | Development |
|---|---|---|
| Finneas | Supporting performer | Withdrew from the tour |
| Lukas Graham | Supporting act/replacement | Withdrew |
| Aaron Rowe | Supporting act/replacement | Withdrew |
| Beoga | Sheeran’s touring band | Withdrew |
Finneas said artists should not be silenced when speaking about people they believe are being oppressed. Beoga, meanwhile, had been performing alongside Sheeran during his shows.
Dispute involving Robert Kraft
Macklemore has said that billionaire businessman Robert Kraft, whose Kraft Group owns Gillette Stadium in Massachusetts, played a role in efforts to prevent him from appearing at some of the remaining shows.
Kraft has defended his opposition to Macklemore’s continued participation, citing what he described as the rapper’s broader history of antisemitic rhetoric and imagery. Those characterizations are disputed, and Macklemore has framed his comments as criticism of Israeli government policies and support for Palestinians rather than hostility toward Jewish people.
The promoter’s public explanation has focused on the positions taken by venues and the potential effect on the wider tour rather than attributing the decision solely to one venue owner.
Macklemore pledges tour earnings to Palestinian aid
The controversy has continued beyond the tour itself. Macklemore has said he intends to donate approximately $1 million in net earnings from his time on the Loop Tour to organizations providing humanitarian assistance to Palestinians.
He has also challenged Kraft to match the donation.
What happens to Sheeran’s tour?
The Loop Tour is scheduled to continue despite the departures. The immediate change is that Sheeran no longer has the group of support acts originally planned for the remaining dates.
The episode has also opened a broader debate within the music industry over the boundaries between concert entertainment, political expression and the commercial interests of artists, promoters and stadium operators.
The facts surrounding the dispute are relatively clear — Macklemore was removed, the other supporting acts subsequently withdrew, and Sheeran says the removal was made by the promoter. The competing explanations for why the decision was ultimately made remain contested.
Independent assessment
The incident illustrates how political statements made from a major concert stage can have consequences extending beyond an individual performer. It also raises questions about who ultimately controls the content of large commercial tours when artists, promoters and venue operators hold different positions.
The departures by the other artists make the dispute unusual because the consequences have extended across almost the entire remaining support lineup, rather than being limited to Macklemore’s own performances.
Sources: Associated Press, Reuters, The Guardian, ITV News, Variety and Al Jazeera.
Technology
Snapchat ‘Willing to Implement’ Daily Time Limits for Teens, Boss Tells BBC
Snapchat says it is prepared to consider introducing daily limits on how long teenagers can use the platform, as pressure grows on social-media companies to adopt stronger safeguards for young users.
Snap CEO Evan Spiegel told the BBC that a default time limit could represent an industry-wide step toward establishing common standards for protecting teenagers. However, he did not give a timetable for when Snapchat might introduce such a measure.
Snapchat already offers parental controls
Snapchat currently provides parents with controls through its Family Center feature, which allows parents to see aspects of how their teenagers are using the service.
A daily limit would represent a different approach: rather than relying entirely on parents to monitor usage, the platform itself could impose a maximum amount of daily time.
The precise design remains unresolved. Questions would include the age groups covered, the length of the limit, whether parents could modify it and how the restriction would be enforced.
Debate over teenagers and social media
The proposed changes come amid continuing legal and public scrutiny of major social-media platforms.
Snap, Meta, TikTok and YouTube have faced lawsuits alleging that aspects of their platforms can encourage excessive or compulsive use among young people. The companies have disputed various allegations and have highlighted safety measures and parental controls.
Research and policy debates over social-media use among teenagers remain complex. Evidence concerning harmful or compulsive use exists, but questions remain about causation, individual differences and the effects of particular platform designs.
That distinction is important: a decision by Snapchat to introduce a time limit would be a product and policy response to concerns about youth usage, rather than proof by itself that Snapchat causes a particular health outcome.
The wider technology shift
Spiegel made his comments while discussing Snap’s next generation of Specs smart glasses, which are being developed with AI capabilities.
The company says the glasses will be able to provide recommendations based on information about a user’s goals, relationships and routines. Snap is positioning the product as a lightweight alternative to conventional virtual-reality headsets and as part of a new category of AI-enabled wearable technology.
The announced US price for the new Specs is $2,195, while the UK price is £1,995, according to the BBC report.
What happens next?
For now, Snapchat has not announced a launch date or a specific daily limit for teenagers.
The significance of Spiegel’s remarks is therefore that Snap has publicly indicated a willingness to participate in a broader industry discussion over standardized limits for young users. Whether that becomes an actual Snapchat feature — and what the rules would look like — remains to be determined.
Independent assessment: The development reflects a wider shift from voluntary parental controls toward platform-level restrictions, but the practical and social effects will depend heavily on how any limits are designed and enforced.
Sources: BBC reporting via syndicated publication; Meta-related reporting; Guardian analysis of ongoing social-media litigation.
Technology
OpenAI Boss Says World ‘Right to Be Afraid’ but ‘Should Trust’ AI Firms
By Angel No Lie | KPD Online | Independent Technology Report | 17 September 2026
OpenAI chief executive Sam Altman has acknowledged that public concern about increasingly powerful artificial intelligence is justified, while arguing that people should nevertheless trust AI companies to act responsibly as the technology develops.
Speaking at Salesforce’s annual Dreamforce conference in San Francisco on September 15, Altman said AI had advanced to a point where the potential consequences of failures were becoming easier to imagine. He also identified another concern: the possibility that a small number of AI companies could accumulate excessive economic and social power.
“The world is right to be afraid of this,” Altman said, while also arguing that people should trust AI companies to make responsible decisions.
Two risks highlighted by Altman
Altman’s comments focused on two broad categories of risk.
The first is what he described as the possibility of a loss-of-control accident or another serious failure involving increasingly capable AI systems.
The second is concentration of power. Altman warned that AI companies could potentially acquire enough influence to affect the economy or push particular worldviews onto the public.
That distinction is significant because the AI safety debate is no longer limited to hypothetical questions about future superintelligence. It also includes more immediate questions about who controls advanced models, how they are deployed and what safeguards apply to them.
| Question | Issue under debate |
|---|---|
| How fast should AI advance? | Whether development should continue at the current pace or be slowed to allow additional safety work |
| Who should set the rules? | AI companies themselves, governments, international bodies, or some combination |
| How should risks be assessed? | Internal testing versus greater independent or government oversight |
| Who should be accountable? | Developers, deployers, governments and other organizations using AI |
| How much public trust is appropriate? | Whether voluntary commitments are sufficient for increasingly powerful systems |
Calls for greater external oversight
Not everyone agrees that the technology companies should be trusted to police themselves.
The Associated Press reported that the recent debate has exposed divisions within the AI industry over whether there should be coordinated restrictions or a slowdown. Some AI leaders have advocated stronger external safeguards, while others maintain that companies have sufficient incentives and technical expertise to manage safety themselves.
Yoshua Bengio, one of the pioneers of modern AI, has argued for ambitious safety efforts outside the for-profit sector, according to AP.
That disagreement reflects a broader question of governance: can companies developing the most powerful AI systems simultaneously be the primary institutions responsible for determining how those systems should be controlled?
There is no universal agreement on the answer.
Why the debate has intensified
The latest discussion follows warnings from researchers and technology executives about the possibility that increasingly autonomous AI systems could create serious risks if safeguards fail.
At the same time, experts do not have a consensus on the probability or timing of catastrophic AI scenarios. AP reported that proposed risks range from malicious use of AI to hypothetical situations in which future systems become difficult for humans to control.
This uncertainty is important. Acknowledging that a risk is possible does not establish that it will happen, nor does it establish how likely a particular scenario is.
The trust question
Altman’s remarks put the issue of trust at the centre of the discussion.
AI companies argue that they have strong technical knowledge, commercial incentives and reputational reasons to prevent their products from causing serious harm. Meta CEO Mark Zuckerberg, for example, has argued that AI laboratories have both the ability and incentive to ensure their systems remain aligned with human values.
Critics counter that commercial competition can create pressure to release increasingly capable systems quickly, potentially creating a conflict between speed and safety. The debate therefore extends beyond whether individual executives are acting in good faith; it concerns what institutional safeguards should exist regardless of who is running a company.
What remains unresolved
Several major questions remain open:
- How much autonomy should advanced AI systems be permitted to have?
- What safety tests should be mandatory before powerful models are released?
- Should independent organizations have access to evaluate frontier AI systems?
- When should governments intervene?
- How should responsibility be assigned when AI causes harm?
- Can international safety standards keep pace with rapid technological development?
These questions are likely to remain central as AI systems become more capable and more deeply integrated into business, government and everyday life.
Independent assessment
Altman’s comments represent a notable acknowledgment from one of the industry’s most prominent executives that fear of AI is not inherently irrational. At the same time, his call for public trust highlights the unresolved tension between industry self-governance and external oversight.
The available evidence does not establish that AI companies can or cannot safely regulate themselves on their own. What is clear is that there is an active disagreement among technology leaders, researchers and policymakers over the appropriate balance between innovation, corporate responsibility and independent oversight.
For the public, the practical issue is therefore not simply whether to trust or fear AI. It is whether the systems governing AI development provide enough transparency, accountability, testing and independent scrutiny to justify that trust.
Sources: Reuters, Associated Press, Axios, WIRED and Salesforce Dreamforce coverage.
General News
Oil Prices Extend Losses as Middle East Supply Fears Ease
17 September 2026 | Energy & Markets
Oil prices fall for a second day
Oil prices extended their decline in Asian trading on Thursday as signs that Saudi Arabia can redirect some crude exports through Oman eased immediate concerns about shortages caused by disruptions to Middle Eastern supply routes.
Brent crude futures were down about 1.2% at $104.59 a barrel, while U.S. West Texas Intermediate (WTI) fell about 1.1% to $101.29 in early trading. Both benchmarks had dropped roughly $3 on Wednesday.
The decline represents a change in market sentiment after oil prices climbed sharply earlier in September as attacks on energy infrastructure and shipping routes raised concerns that Middle Eastern exports could be significantly curtailed.
What could happen next?
The direction of oil prices will depend heavily on whether alternative supply routes remain available and whether further attacks disrupt additional infrastructure.
For now, the market appears to be responding to evidence that Saudi Arabia can partially compensate for lost Red Sea exports.
However, this is not the same as a return to normal supply conditions.
The IEA has warned that disruptions in the Gulf and wider Middle East could keep global oil markets tight. The EIA’s September outlook also assumes that Middle Eastern oil flows will remain constrained through the fourth quarter of 2026, although it expects flows to gradually increase as shipping companies develop alternative routes.
That leaves the market particularly sensitive to three developments:
- Whether Saudi Arabia can sustain alternative shipments through Oman.
- How quickly the East-West pipeline can be repaired.
- Whether fighting around the Strait of Hormuz and Red Sea intensifies or eases.
Independent assessment
The latest decline in oil prices is primarily a supply-logistics story rather than evidence that the Middle East crisis has ended.
Saudi Arabia’s ability to redirect crude through Oman has reassured traders that at least some displaced barrels can still reach Asian buyers. Lower-than-expected U.S. inventory withdrawals have provided another bearish signal.
At the same time, oil remains above $100, tanker traffic through the Strait of Hormuz remains severely affected, Saudi production has been disrupted and diesel markets are experiencing extraordinary tightness.
The immediate supply panic has eased, but the underlying risk to global energy flows remains significant.
For consumers, refiners and governments, the key issue in the coming days will therefore be whether these alternative shipping arrangements develop into a sustained supply solution—or whether another disruption causes the risk premium in oil prices to rise again.
Sources
Reuters, Oil prices extend losses as fears of Middle East supply disruptions ease, 17 September 2026.
Reuters, Oil slips as Saudi Arabia offers more crude via Oman, 16 September 2026.
U.S. Energy Information Administration, Short-Term Energy Outlook, September 2026.
Reuters, reporting on Saudi supply, Asian diesel markets and Middle East disruptions.
General News
Palace Responds After Earl Spencer’s Claim in Diana Book
By Angel No Lie | KPD Online | 17 September 2026 | Royal Family | United Kingdom
Buckingham Palace issues rare response
Buckingham Palace has made an unusually direct response to a claim by Earl Spencer, the younger brother of the late Princess Diana, concerning an alleged conversation with the then-Prince Charles shortly after Diana’s death in 1997.
The allegation appears in Spencer’s forthcoming memoir, Swan Song: Diana, My Sister, which is due to be published on 22 September 2026. Spencer says that, during a dispute about whether Diana’s sons should walk behind their mother’s coffin, Charles told him: “Rest assured, we’ll forget her soon enough.”
Buckingham Palace did not directly confirm or deny that the conversation took place. Instead, a palace spokesperson said King Charles was mindful that “the pain of fraternal grief can cloud reason, affect judgment and colour memory” many years after a loss.
The wording represents a rare intervention by the Palace because the Royal Family generally declines to comment on claims contained in books.
A dispute over memory, not just history
At the heart of the controversy is a question that extends beyond the Royal Family: how reliable are memories formed during periods of extreme emotional distress, particularly decades later?
Spencer was Diana’s brother and was directly involved in the events surrounding her funeral. His account therefore represents the recollection of someone who was personally present during that period.
At the same time, the Palace has pointed to the potential influence of grief on recollection and judgment. Its statement does not establish that Spencer’s memory is inaccurate, but it makes clear that the King does not accept the account without qualification.
The disagreement is consequently about both what happened in 1997 and how that history should now be remembered.
Sources
The report is based primarily on current reporting from Reuters, BBC/ABC News, Sky News, The Guardian and The Independent, with the claims attributed to Earl Spencer or Buckingham Palace rather than presented as independently established facts.
-
Entertainment1 week agoMahama Is First President to Put GH¢40m Seed Money into Creative Arts Fund: Kojo Preko Dankwa
-
Culinary1 week agoThe Green Heart of Ghanaian Cuisine: Celebrating Nkontomire and the Art of Abom
-
General News2 weeks agoDon’t Punish Them Retrospectively – Educationist Challenges New CSSPS Placement Rule
-
Entertainment1 week agoGovernment Repatriates Musician Barosky from UK
-
General News2 weeks agoOSP Opens Preliminary Investigation into Alleged GH¢70,000 Payment Linked to Parliament’s Vetting
-
Business2 weeks agoTOR & GOIL Explore Further Opportunities for Strategic Collaboration
-
Entertainment1 week agoKeche Supports Street Vendor with GH¢3,000 After She Struggles to Make Sales
-
General News3 days agoGTA’s Financial Strength Weakens Despite 2025 Tourism Activities
