The U.S. The benchmark 10-year Treasury yield and the dollar were lower in the U.S. at the end of the week. Gold fell in Asia on Tuesday morning, shortly before inflation data.
Gold futures were down 0.04% at 8,836.85
Until high inflation, wage increases, and strong employment rates create an average of 1 million jobs, the U.S. Chicago Central Bank Chairman Charles Evans said Monday that the Federal Reserve will not consider changing its bad monetary policy.
More federal officials, including Governor Lyle Brainard, will speak throughout the week. In the UK, Bank of England Governor Andrew Bailey will speak on Wednesday.
In Asia, the Bank of Japan warned that the uncertainty of Japan’s economic recovery from COVID-19 could obscure its service consumption and that the government should take stimulus measures to support its economy, according to a summary of the April policy meeting.
China also released its inflation data the day before April. The CPI contracted by 0.3% per month, but grew by 0.9% year-on-year, both of which were slightly below expectations. The Manufacturer Price Index (PPI) for the year grew 6.8% better than expected.
Among other precious metals, palladium was down 0.2%, platinum 0.4%, and silver at $ 27.31 an ounce.