Core Viewpoint - The European Central Bank (ECB) may need to maintain interest rates for a period of time and does not rule out the possibility of further rate cuts [1] Group 1 - The current interest rate level of the ECB is considered to be in a neutral position, which is viewed positively [1] - The inflation risks are currently seen as two-sided, indicating potential volatility in future economic conditions [1]

Core Viewpoint - The European Central Bank (ECB) interest rates are likely to remain unchanged in the foreseeable future, but future policy adjustments will depend on the economic conditions leading up to the next meeting in July [1] Economic Outlook - The uncertainty surrounding tariff policies poses downside risks to economic growth in the Eurozone [1] - Inflation risks are mixed, indicating a cautious approach is necessary for decision-makers [1]

Group 1 - COMEX gold prices are experiencing a slight decline, currently trading at $3396.20 per ounce, with a decrease of 0.04% [1] - The trading range for today shows a high of $3407.70 and a low of $3384.50, indicating a narrow fluctuation in prices [1][3] - The resistance levels for gold are identified between $3427 and $3437, while support levels are between $3304 and $3314 [3] Group 2 - Nadia Gharbi, a senior economist at Pictet Wealth Management, anticipates that the European Central Bank (ECB) will not provide clear signals regarding interest rate actions for July during its meeting [2] - Key developments expected before the July meeting include the end of a 90-day tariff suspension, additional information on Germany's 2025 and 2026 budgets, and upcoming PMI reports and inflation data [2] - The ECB is expected to lower interest rates by 25 basis points and revise down its economic growth and inflation forecasts for 2025 and 2026, suggesting a need for moderate monetary policy easing [2]