News

Sources said India's gold imports are expected to fall to 15 tons in April, the lowest level in three decades, down from 35 tons a year ago.

Market news: The revised EU "Chip Act" will allow the European Commission to directly invest in wafer fabs.

ECB President Christine Lagarde will hold a monetary policy news conference in ten minutes.

U.S. Treasuries held on to gains after data on jobless claims and GDP were released.

Citi: Gold selling pressure is likely to remain strong in the short term due to uncertainty about the situation in the Middle East.

Citigroup: Maintains unchanged gold price target, with a 0-3 month target of $4,300 and a 6-12 month target of $5,000.

The initial value of the U.S. GDP price index for the first quarter was 3.6%, expected to be 3.8%, and the previous value was 3.70%.

Canada's GDP in February was at an annual rate of 1%, compared with the previous value of 0.60%.

The European Central Bank will announce its interest rate decision in ten minutes.

Iranian President Pezhizeyan told Japanese Prime Minister Sanae Takaichi that Tehran is ready to restart diplomatic channels once Washington changes its behavior.

Bank of England Governor Bailey: Cutting interest rates is obviously not an option now.

Bank of England Governor Bailey: Keeping interest rates unchanged today is an active choice, not a passive result.

Bank of England Governor Bailey: We are not hearing anything that energy supply conditions could quickly return to pre-conflict levels.

Bank of England Governor Bailey: I think the energy price trend of Scenario B is more credible than Scenario A.

Bank of England Governor Bailey: Since most annual wage agreements have been reached, it will take some time before we have a clear understanding of the wage situation.

Bank of England Governor Bailey: Businesses tell me they are having difficulty passing on costs.

Bank of England Governor Bailey: It would be a mistake to wait for the second round of effects to appear before taking action, as it will be too late.

Bank of England Governor Bailey: The longer the problem lasts, the more difficult it will be to solve it.

Bank of England Governor Bailey: Violent fluctuations in energy prices make it impossible to assign probabilities to different scenarios.

Bank of England Governor Bailey: Under scenarios A and B, the necessary interest rate response is mainly not to implement the interest rate cut expected in February and not to raise interest rates further.