International News
Gold continues to get strength on the Middle East conflict
Safe-haven surge lifts bullion to multi-decade highs as Strait of Hormuz crisis fuels oil spike, dollar strength caps gains, and markets eye fresh breakouts toward $5,500 gold and $100 silver.
Safe Heaven hedge – Gold has extended its longest winning streak since 1973, underscoring its role as a core safe-haven asset during periods of systemic stress. With a key global trade chokepoint effectively locked and geopolitical instability intensifying, investors have decisively rotated away from risk assets toward bullion.
Geopolitical Tensions – US President Donald Trump signaled that military operations against Iran could persist for a month or longer, heightening fears of a prolonged conflict. In response, Iran declared the Strait of Humroz closed and warned it would target vessels attempting transit. Given that nearly 20% of global oil supply moves through this corridor, crude prices have surged, amplifying inflationary and growth concerns worldwide.
Dollar Strength – Despite strong safe-haven demand, gold and silver witnessed intermittent profit-booking as the US dollar strengthened to five-week high. The greenback gained support from safe-haven inflows and expectations that rising energy prices could stoke inflation, potentially delaying Federal Reserve rate cuts and supporting US yields in the near term. Pressure also intensified as the ISM Manufacturing Prices Index leaped to 70.5, a 11.5 point jump that signaled reignited inflation.
Gold – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $5150/oz | $5500/oz |
| Domestic | Rs 158,000/10 gm | Rs 172,000/10 gm |
Silver – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $85/oz | $100/oz |
| Domestic | Rs 255,000/kg | Rs 300,000/kg |
Technical Triggers
- After achieving the target of $5400 (~ Rs. 1,67,000), Gold prices are consolidating and building a base for the new bullish momentum towards $5500 (~ Rs. 1,72,000) and $5600 (~ Rs. 1,76,000).
- After achieving the target of $93 (~ Rs. 2,85,000), Silver prices are expected to consolidate and build a base around $85 and $95 before resuming for the new bullish momentum towards the next resistance level of $100 (~ Rs. 300,000).
DiamondBuzz
Diamond Slump forces Debswana to diversify into copper, platinum and solar
Diamond-centric mining models is giving way to broader resource portfolios
Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.
The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.
The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.
Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.
The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.
Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.
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