Gold prices remained stable on Friday, holding at $4,622.41 per ounce, but are projected to decline by 1.8% for the week. This decline is attributed to rising oil prices, which hit a four-year high of over $126 per barrel, raising inflation concerns. The U.S. Personal Consumption Expenditures Price Index saw a significant jump of 0.7%, the largest increase since June 2022, aligning with economists' expectations. Central banks, including the European Central Bank and the Bank of England, maintained their interest rates, reflecting a cautious approach amid persistent inflation risks. Additionally, India's gold imports are anticipated to fall to around 15 metric tons, the lowest in nearly 30 years, due to unexpected tax demands affecting banks. Meanwhile, China's central bank is set to streamline gold import-export regulations, which could impact global gold trade.