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Gold faces tug-of-war at highs: Augmont Bullion Report

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Gold markets are in a tug-of-war at highs, with bears focusing on a potential ceasefire deal in Ukraine and bulls anticipating key U.S. inflation data to gauge the Federal Reserve’s interest rate path amid trade tensions and economic slowdown fears.

The US agreed to resume military aid and intelligence sharing with Ukraine after Kyiv agreed to a 30-day ceasefire proposal.

U.S. President Donald Trump defended his tariff policies during a meeting with CEOs of major American companies. Many of these companies have seen their market value fall due to recession and inflation fears.

Investors are awaiting U.S. CPI statistics to determine the Fed’s interest rate stance for this year.

Technical Triggers      

Gold prices are consolidating in a range between $2885(~Rs 85400) and $2935(~Rs 86200), prices need to break this range for a decisive move towards upside momentum of $2975 (~Rs 87000). 

Silver May Futures is gaining strength and if sustains above $33(~Rs 96700), the next target is $34(~Rs 100,000), and once it sustains above that, it can head higher towards $35(~Rs 103,000).

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Napoleon’s Lost Diamond Brooch from Battle of Waterloo to Be Auctioned in Geneva

A rare diamond brooch once owned by Napoleon Bonaparte — and believed to have been recovered from the aftermath of the Battle of Waterloo — is set to go under the hammer for the first time this November.

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Far from the French crown jewels stolen from the Louvre this week, this historic piece carries its own dramatic past. According to Sotheby’s, the brooch was reportedly abandoned by Napoleon as he fled the battlefield following his 1815 defeat and was later claimed by the victorious King of Prussia. It will be offered at the Royal & Noble Jewels sale in Geneva on November 12.

Crafted in a Parisian atelier around 1810, the circular brooch features an oval diamond weighing over 13 carats at its centre, surrounded by nearly 100 old mine-cut diamonds of varied shapes. Likely worn on Napoleon’s iconic bicorne hat during formal occasions, it is estimated to fetch between $150,000 and $250,000, Sotheby’s told Bloomberg.

Initially presented as a spoil of war just days after Waterloo, the jewel remained within the House of Hohenzollern — the former German imperial dynasty — for generations. It passed from King Friedrich Wilhelm III to Kaiser Wilhelm II and later to his grandson Louis Ferdinand, Prince of Prussia, before entering a private collection in recent years.

As global markets waver, collectors are increasingly drawn to rare historical jewels as stable investments. Sotheby’s annual Royal & Noble auction celebrates such storied pieces, having previously sold a diamond necklace tied to Marie Antoinette for $4.8 million and, in 1987, the Duchess of Windsor’s jewellery collection for $50 million — six times its estimate.

Napoleon’s brooch will headline this year’s sale, alongside notable pieces such as a diamond ring once belonging to Ottoman princess Neslishah Sultan.

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