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Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices
France central bank governor calls on governments and regulators to boost capital markets union to help close investment gap
Eurosystem staff now see headline inflation averaging 2.5 percent in 2024, 2.2 percent in 2025, and 1.9 percent in 2026
The country's growth rate for 2024 has been revised up to 2.7 percent by research firm
Inflation in Canada declined this year to a three-year low of 2.7 percent in April
Until this month, Eurozone inflation had been steadily declining towards the ECB's 2 percent target
Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
The CPI excluding volatile items and holiday travel stayed at an annual 4.1 percent
Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates
Strong dollar, possible interest rate hikes are major risks to gold prices
Gold prices achieved a record high of $2,449.89 but have since lost over $100
Yen weakness fuels speculation of early BoJ rate hike
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
Traders are currently pricing in a 73 percent chance of an interest rate cut in November
Consumer price inflation came in higher than expected at 4.0 percent in the first quarter of the year
Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
The dollar index maintained its downward trend, declining 0.03 percent on Monday
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
