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Powell's assurance that further rate hikes were off the table will help bullion
Investor sentiment remains cautious ahead of the interest rate decision by the US Federal Reserve
Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
The central bank has kept interest rates at 5.25 to 5.50 percent since July 2023
The central bank raised inflation forecast to 4.3-4.8 percent, up from 4-4.5 percent
This data supports the ECB's plan to start cutting eurozone interest rates in June after inflation falls slightly above its 2 percent target
Recent attempts by Japanese authorities to intervene in currency markets have been ineffective
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
The dollar climbed to 154.85 yen, its highest point since the middle of 1990
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Food prices remained unchanged at 5 percent in March compared to February
Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Despite wage hikes, inflation-adjusted real wages continued to decline for nearly two years
Inflation's reversed momentum sparks concern over interest rate cut timing
House prices show smallest drop in 8 months
Board member Noguchi foresees slower policy adjustments compared to global counterparts
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
The yen weanked past the 154 range vs dollar
Spot gold rose 0.17 percent to $2,387.42 per ounce
The country’s economic growth estimates align with the state budget, slightly lower than election promises
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
