Gold Analysis: XAU/USD Fails to Break Through All-Time Highs

US STRIKES ON IRAN ARE ON THE TABLE, INCLUDING NUCLEAR FACILITIES, ACCORDING TO TWO SENIOR WHITE HOUSE OFFICIALS CITED BY FOX NEWS TRUMP IS NOW MEETING HIS NATIONAL SECURITY COUNCIL ABOUT ISRAEL-IRAN CONFLICT-WHITE HOUSE OFFICIAL

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the  monetary policy decision on June 4, 2025. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on May 30, 2025. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers and Deputy Governors Toni Gravelle, Sharon Kozicki, Nicolas Vincent, Rhys Mendes and Michelle Alexopoulos. BoC Minutes: Members noted that underlying inflationary pressures could persist for an extended period as consumers and businesses adapt to the rewiring of global trade. THERE COULD BE NEED FOR FURTHER REDUCTION IN INTEREST RATE IF EFFECTS OF TARIFFS AND UNCERTAINTY CONTINUED TO SPREAD THROUGH ECONOMY AND COST PRESSURES ON INFLATION WERE CONTAINED BoC Minutes: The members agreed that the likelihood of a protracted and severe global trade war had diminished.