Trump says US-Iran talks could be held within two days, gold returns to $4,840!

· The US March PPI annual rate was 4%, below the market expectation of 4.6%. This news is bearish for the US dollar. · US Treasury Secretary Bessant stated that the US should "wait and see" before cutting interest rates, and that near-term inflation is not embedded in expectations. Tariffs may return to previous levels in early July. This news is a short-term positive for the US dollar. · Russia has imposed temporary export restrictions on helium and is considering imposing a consumption tax on imported steel. This news is beneficial to companies involved in the steel trade.