Group 1 - Gold prices decreased following President Trump's decision to cancel tariffs on several European countries, which alleviated some geopolitical tensions that had previously driven up gold prices [1] - New York futures fell by 0.2% to $4,829.10 per troy ounce, although prices remained above the $4,800 mark and were on track for a 4% weekly gain [1] Group 2 - Market focus is shifting towards PCE inflation data for insights on the Federal Reserve's interest rate cut strategy [2] - While the Federal Reserve indicates one rate cut this year, market expectations are leaning towards two cuts, potentially starting as early as June or July, with another anticipated in the fourth quarter [2]