International News
Gold consolidates in the $3270 to $3380 range :AUGMONT BULLION REPORT
Gold prices are fluctuating between $3270 (~Rs 94300) and $3380 (~Rs 96200), indicating contradictory signals from US-China trade talks.
U.S. President Donald Trump stated that trade talks with China are now occurring, contradicting Chinese allegations that no discussions have taken place to resolve the ongoing trade war.
On Friday, China exempted several US products from its 125% tariffs, indicating a potential resolution to the trade conflict between the two countries.
Long-term support comes from risk aversion demand, while tariffs and geopolitical turmoil will keep gold prices stable.
Gold buyers seize control as risk-off sentiment spreads through financial markets. US dollar and Treasury yields fall as speculators anticipate further Fed rate cuts. Traders are bracing for a critical US data week, with GDP, Core PCE, and NFP all in focus.
Technical Triggers
The creation of a “Shooting Star” candlestick pattern in the weekly charts, indicates a probable uptrend reversal, which was an intriguing technical component of gold’s price movement last week. If prices sustain below $3300 (~Rs 95000) this week, they may fall 50% to $3240 (~Rs 93000) and 61.8% to $3175 (~Rs 91500).
Support and Resistance:
International News
Precious Metals Rally On US-Iran Ceasefire: Gold Tops $4,850, Silver Jumps To $76
Sharp Rebound Comes From Post-Conflict Lows, As Oil Dipped Below $100 Per Barrel and The Dollar Weakened
COMEX gold rocketed 3.1% to above $4,850 per ounce in Asian trading, building on yesterday’s 1.2% gain, while silver soared 6.8% to $76.92/oz. The rally followed U.S. President Trump’s announcement of a two-week ceasefire with Iran, halting strikes to negotiate the reopening of the Strait of Hormuz.
Iran has submitted a 10-point proposal through a Pakistani mediator, with talks scheduled for April 10 in Islamabad. This sharp rebound comes from post-conflict lows, even as oil dipped below $100 per barrel and the dollar weakened—factors that bolster dollar-denominated precious metals.
Since the February conflict began, gold has fallen about 10% overall and silver around 17%, but recent ceasefire hopes and signs of slowing global growth are fueling the recovery, offsetting rate-hike concerns. Volatility lies ahead with an upward bias if safe-haven demand persists and macroeconomic conditions remain supportive. Markets are now awaiting the minutes from the Fed’s March meeting, due on Wednesday.
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Precious Metals Rally On US-Iran Ceasefire: Gold Tops $4,850, Silver Jumps To $76
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Precious Metals Rally On US-Iran Ceasefire: Gold Tops $4,850, Silver Jumps To $76
PNGS Reva Diamond Jewellery Limited Posts Record Q4 FY26, Nearly Doubles Core Diamond Business Year-on-Year
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New Premises21 hours agoP. N. Gadgil & Sons Expands in Pune with New Store at Tribeca Highstreet; Launches 9KT Collection
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International News52 minutes agoPrecious Metals Rally On US-Iran Ceasefire: Gold Tops $4,850, Silver Jumps To $76
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National News33 minutes agoPNGS Reva Diamond Jewellery Limited Posts Record Q4 FY26, Nearly Doubles Core Diamond Business Year-on-Year
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DiamondBuzz30 minutes ago1,500 Offices Projected to be Operational at the SDB Within the Next 12 Months
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