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 mid-2025, driven by hot PPI data and geopolitical tensions. Market participants are closely monitoring the correlation between WTI Crude Oil futures and Treasury yields, as continued energy strength could maintain pressure on the metals sector.