International News
GJEPC road show strengthens outreach in Vietnam
In a bid to boost bilateral cooperation, GJEPC held a series of constructive meetings with key stakeholders from Vietnam’s gemstone and investment sectors. A key meeting was held with Mr. K.S. Ngo The Hoc, Vice President and General Secretary of the Vietnam Association of Gemstones (VAG), accompanied by representatives from seven member companies. Discussions centred on potential areas of collaboration, including the possibility of signing an MoU between VAG and GJEPC to boost industry ties and engagement.
During the interaction, GJEPC extended formal invitations to the Vietnamese delegates to attend IIJS Premiere 2025 in Mumbai and SAJEX 2025 in Saudi Arabia. The delegation responded positively and showed keen interest in organising a visiting group for both events.
Additionally, a meeting was held with Mr. Bui Trong Thoan, PhD, Deputy General Manager at Invest Global under the Vietnam Association of Foreign Invested Enterprises (VAFIE), facilitated by the Indian Embassy. Discussions focused on IIJS Premiere and SAJEX, with Mr. Thoan expressing enthusiasm about mobilising a Vietnamese business delegation to these shows.
US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.
The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.
Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.
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