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:
Luxury retail veteran and former Christie’s Asia Pacific president to lead the high-end e-commerce platform as Michael Kliger transitions to head its parent company, LuxExperience.
Mytheresa has appointed Francis Belin as its new CEO, with his tenure beginning on January 1, 2026. Belin, who brings extensive experience from the luxury and jewellery sectors, will take over from Michael Kliger, who is set to become CEO of LuxExperience, Mytheresa’s parent company. LuxExperience expanded its portfolio last year by acquiring luxury platforms Net-a-Porter, Porter, and Yoox.
Belin joins Mytheresa following a nine-year stint at Christie’s, where he most recently served as President of Asia Pacific until October. His earlier roles include senior vice president for Swarovski Asia Pacific, managing director for Jaeger-LeCoultre in Japan, and management consultant at McKinsey & Company. He has also served on the boards of Enzo Jewelry and Ben Thanh Jewelry.
In a related leadership update, Mytheresa’s chief marketing and customer officer, Amber Pepper, was recently appointed CEO of the Natural Diamond Council.
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New Premises12 hours agoRokde Jewellers Unveils Gondia’s Largest Jewellery Showroom by Actress Pooja Banerjee : A Grand Celebration That Continues Tomorrow!
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Appoinment13 hours agoMytheresa Names Francis Belin as New CEO Effective January 2026
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