inflation
Housing prices increased by 5.9 percent, significantly impacting the overall inflation rate in the region
GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers
Bullion has lost 3.3 percent so far this week and is set for its worst weekly performance since November 2024
Agricultural and fishery product costs surged, leading to the acceleration in wholesale price inflation
Market focus is now on the U.S. producer price index data, due at 12:30 GMT, following the softer-than-expected consumer data
The U.S. and China ended their trade talks on a positive note, with U.S. officials signaling a "deal" to reduce the U.S. trade deficit
Analysts expect high-level talks over the weekend between the U.S. and China to drive flows away from gold, further limiting price gains
The Fed held interest rates steady on Wednesday, but said risks of higher inflation and unemployment rose
The Fed held the benchmark overnight rate steady in the 4.25-4.50 percent range
The Fed has held its policy rate in the 4.25-4.50 percent range since December
The easing of trade tensions between the U.S. and China amid hopes for a deal is weighing on gold prices
