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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
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Strong dollar and rising treasury yields impact gold's appeal
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year
Investors eye Federal Reserve meeting minutes and inflation figures for market direction
UK leaves borrowing costs unchanged at 5.25 percent despite fall in annual inflation
Gold prices remained undeterred despite the robust U.S. job growth in March
Investors await consumer price index data from U.S. and China later this week
Central bank emphasizes inflation targets as economy aims for stability
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
Gold prices have reached new record highs in each session since last Thursday
The market anticipates four ECB rate cuts, first in June
Education again saw the highest cost inflation at 104 percent year-on-year
While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains
