The survey of global fund managers with $562 billion in asset under management found 82% expect the first rate cut by the Federal Reserve in the second half
Fed holds rates steady, flags 'lack of further progress' on inflation
Policymakers' preferred inflation gauge - the personal consumption expenditures price index - probably stayed elevated in March, according to data due in the coming week
The worst thing to do is act urgently when urgency is not required, Daly, one of 19 US central bankers who set monetary policy, said at the Stanford Institute for Economic Policy Research
Geopolitical tension, with conflict between Israel and Iran threatening conflagration in the Middle East, is an additional risk variable
As regards rate cuts, analysts expect the global central banks, especially in Asia, to follow the Fed in rate cutting cycle
The March core consumer price index, a measure of underlying inflation that excludes food and fuel, is seen rising 0.3% from a month earlier after a 0.4% advance in February
The overall CPI probably rose less than 3 per cent for the first time in nearly two years, economists forecast Tuesday's report to show
'The stage is set for the Fed to take steps toward cutting rates in coming months,' analysts say
Gold investors anticipate record-high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates are expected to support the market
Extended drop in US bond yields and dollar fuels optimism of earlier-than-expected interest rate decline
Fed chief says geopolitical tensions are 'highly elevated'
Spot gold was down 0.8% by 9:54 a.m. EDT (1354 GMT) at $1,835.40 per ounce, its lowest since March 10. U.S. gold futures slipped 0.7% to $1,853.00
The rupee could continue to see near-term volatility
The IEA, meanwhile, increased its oil demand growth forecast for this year by 200,000 barrels per day (bpd) to 2.4 million bpd, lifting the projected total to 102.3 million bpd
With inflation as high as 9 per cent in the past year, Powell's colleagues were all-in on the fight to curb price pressures
RBI likely sold dollars to shield rupee amid Fed hike concerns
The domestic currency has depreciated over 10% against the greenback so far this year
CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls
Lower rates tend to lift the appeal for bullion in comparison with other interest-bearing assets