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Unemployment to steadily increase to 4.7 percent by 2025 as U.K. labor market cools

Economic expansion in Germany, Spain and Ireland propelled eurozone's economic growth

Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices

Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters

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

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

Recent attempts by Japanese authorities to intervene in currency markets have been ineffective

Decline in government spending contributes to moderation in U.S. economic activity

U.S. labor market supports growth with job gains averaging 276,000 per month in Q1 of 2024

Tourism boosts country’s economy, but lower exports and consumption weigh on growth

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

Bullion loses safe-haven appeal amidst reduced geopolitical risks

Labor market changes could primarily stem from reduced hiring rather than sudden rise in terminations

Despite wage hikes, inflation-adjusted real wages continued to decline for nearly two years

Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment

ECB ready to adapt monetary policy stance if current trends persist

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

On a month-on-month basis, consumer inflation was 0.8 percent in March, down from 1.0 percent in February

Investors lower expectations for the scale and timing of future rate cuts