Central Bank
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
U.S. consumer prices increased less than expected in April, which supported bullion
Decline in inflation indicators could bode well for the precious metal
Import prices in yen increased 6.4 percent annually in April and 1.4 percent compared to March
Stagflationary risks in the U.S. continue to support gold prices
Softer U.S. jobless claims data contributed to the optimism surrounding gold
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
China's central bank marked its 18th consecutive month of gold purchases in April
Gold prices have established a support base around the $2,280 mark over the past week
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
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
Dollar-yen exchange rate hits 34-year peak as investors monitor Japan’s currency support measures
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
