Gold futures posted sharpest decline since January

April Gold futures experienced their most significant daily decline since late January, breaking below the 50-day moving average. The sell-off followed a series of central bank decisions from the Fed, BOJ, BOE, ECB, and Bank of Canada, all of which held interest rates steady. Policymakers highlighted inflation risks stemming from the Iran conflict, with the Bank of England showing a hawkish shift and the ECB raising inflation forecasts. Fed Chair Jerome Powell noted a lack of progress on inflation, signaling a pause in the expected global easing cycle. Meanwhile, the 10-Year yield reached its highest level since ...