International News
Do nothing, When you do not know, what to do AUGMONT BULLION REPORT
Last week’s larger market sell-off, which was triggered by hawkish comments from U.S. Federal Reserve officials that dampened expectations for a December interest rate cut, caused gold prices to drop 2.5% and silver prices to drop 5.5%. In the meantime, the Federal Reserve is citing the shutdown blackout as justification for maintaining unchanged interest rates in December. Naturally, this is in line with the proverb, “Do nothing when you do not know what to do.”
Since the beginning of last week, the US dollar’s weakness and rumours that the Fed would resume asset purchases have served as catalysts for gold’s rise, but Thursday and Friday made it abundantly evident that this is no longer the case. Additionally, gold and silver faced pressure from position closing to meet margin calls brought on by declines in equity markets, which fell on Friday after the global selloff sparked by hawkish Fed signals. Market expectations for a 25 basis-point rate cut next month dropped to 42% from 64% earlier this week, down from more than 95% a month ago, according to CME Group’s FedWatch tool.
The longest U.S. government shutdown ended Thursday, creating a major data gap that left the Fed and traders flying blind ahead of next month’s policy meeting. The U.S. government shutdown lasted 43 days, the longest in history, but the effects will likely be felt for the next few weeks. Some economic data, such as October’s CPI numbers, will be lost forever because that information is collected manually. For economists, this could be a significant issue because economic modelling depends on reliable, consistent data.
In the end, inflation is not high enough to stop the Fed — especially as it continues to face pressure from President Donald Trump — from cutting interest rates, and even if the central bank skips the December meeting, rates will be lower in 2026. While there are clear signs that the U.S. labour market is losing significant momentum, even without October’s economic data, inflation is also not accelerating. One Federal Reserve meeting will not affect gold’s long-term fundamental support.
GlamBuzz
All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
From archival diamonds to playful brooches, Hollywood’s biggest night sparkled with fearless jewellery statements
The 2026 Golden Globes didn’t just celebrate cinematic brilliance—it redefined red-carpet glamour. Set against a newly designed red carpet at the Beverly Hills Hotel, the evening shimmered beneath four magnificent Swarovski crystal chandeliers, casting a radiant glow on Hollywood’s finest. But the true spectacle lay in the extraordinary jewellery moments that unfolded as stars stepped into the spotlight.
Teyana Taylor delivered one of the night’s most talked-about looks, pairing her Best Supporting Actress win for One Battle After Another with striking 1940s Tiffany & Co. earrings. The archival diamonds perfectly offset the playful audacity of her custom Schiaparelli gown, proving once again that classic jewels and modern fashion can collide spectacularly.



Zoë Kravitz championed the romantic return of the hair pin, wearing a bespoke creation by Jessica McCormack that felt both intimate and effortlessly chic. Meanwhile, Charli xcx leaned fully into Old Hollywood glamour, completing her custom Saint Laurent ensemble with cascading De Beers diamond strands that echoed timeless screen sirens.



Men’s jewellery continued its powerful rise on the Golden Globes carpet. Colman Domingo stood out with an elegant suite of Boucheron diamonds, styled as ivy-like tendrils flowing over his custom black Valentino tuxedo—an artful blend of couture and craftsmanship. Paul Mescal reaffirmed his love for refined accessories with a Cartier tie pin, while Connor Storrie brought playful elegance with Tiffany & Co.’s iconic Bird on a Rock brooch.


One of the most imaginative jewellery moments belonged to Wicked director Jon M. Chu, who wore two beaded figurative brooches depicting his co-stars and fellow nominees Ariana Grande and Cynthia Erivo. Designed by Italy-based embroidery artist Nerd Bead—discovered by Chu on Instagram—the pieces added personality, storytelling and warmth to the red carpet.



Elsewhere, Emily Blunt sparkled in Tiffany & Co., Priyanka Chopra Jonas turned heads in Bulgari, Hailee Steinfeld chose the architectural elegance of Repossi, Claire Danes glowed in Pomellato, Natasha Lyonne dazzled in Chopard, Jennifer Lawrence opted for Swarovski, and Timothée Chalamet continued his refined jewellery streak with Cartier.



At the 2026 Golden Globes, jewellery wasn’t merely an accessory—it was a statement of individuality, creativity and evolving red-carpet expression. From archival diamonds to bold brooches, the night served as a brilliant reminder that fine jewellery remains one of Hollywood’s most powerful storytelling tools
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