International News
Gold continues its northward journey, supported by safe-haven appeal AUGMONT BULLION REPORT
- Amid worries about the independence of the Federal Reserve following President Trump’s threats to fire Fed Governor Lisa Cook, gold prices remained close to their two-week high due to their safety appeal.
- At the Fed’s policy meeting next month, markets are expecting a 25 basis point rate cut, which is more than 88% likely, according to the CME FedWatch Tool.
- Markets seem to be confident that a new wave of U.S. tariffs might weaken global strength, making trade policy another crucial factor for gold. An additional factor supporting gold’s safe-haven bid could be ongoing geopolitical danger, such as Ukraine’s increased attacks on Russian energy infrastructure.
Technical Triggers
- Gold Oct Futures are expected to continue their upside momentum towards $3485 (~Rs 102,500), if it sustains above $3445 (~Rs 101,500).
- As Silver Sep Futures has broken its range and sustained above $38.80 (~Rs 116,000), upside momentum can swing prices towards a new high of $40 (~Rs 120,000) this week.
| Commodity | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3355/oz | $3485/oz |
| Indian | ₹98,500/10 gm | ₹100,500/10 gm | |
| Silver | International | $37/oz | $40/oz |
| Indian | ₹110,500/kg | ₹120,000/kg |
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.
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
Jewels of Legacy: People, Emotions, Histories behind four iconic Indian jewellery houses
Women Leaders Driving the Luxury Renaissance
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
Women Leaders Driving the Luxury Renaissance
SHINESHILPI Announces the Launch of The Shine House, India’s Biggest B2B Jewellery Hub
-
BrandBuzz11 hours agoMCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
-
JB Insights12 hours agoWomen Leaders Driving the Luxury Renaissance
-
National News16 hours agoSHINESHILPI Announces the Launch of The Shine House, India’s Biggest B2B Jewellery Hub
-
National News14 hours agoTalla Jewellers Successfully Hosts Free Health Checkup Camp with Fortis Escorts Amritsar and Live For Others Foundation
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.