inflation
Japanese firms raise wages by 5.24 percent, the highest increase in 33 years
The rise in prices is fueled by geopolitical tension and supply concerns
The manufacturing sector struggles, faces deeper downturn

The reserves surged by 14.4 percent
Gold prices have reached new record highs in each session since last Thursday
Non-oil private sector saw a decline in cost inflation for the second month in a row
The market anticipates four ECB rate cuts, first in June
While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains
PMI data shows growth in export orders, slow employment decline
Oil production cuts to keep economic growth low at about 1.4 percent in 2024
Globally, spot gold remained stable at $2,195.34 per ounce
