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Gold near fresh all-time highs ahead of US trading session

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Gold’s price (XAU/USD) is seeing gains tick up trading near $2,952 at the time of writing, fueled by a weaker US Dollar (USD) and softening US yields in a reaction to the recent German federal election outcome. Although the far-right party Alternative for Germany (AfD) has gained 20% of votes, the Christian Democratic Union of Germany (CDU) is comfortable in the lead with 208 seats against AfD’s 152. US yields dropped off and the CME Federal Reserve (Fed) Futures are now favoring a 25 basis points (bps) rate cut in June, where last week odds were rather for no rate cut in June.

Meanwhile, traders will watch the US Gross Domestic Product (GBP) release for the fourth quarter of 2024 later this week. Given the recent slowdown in US activity and economic data (for example, the softer Services Purchase Managers Index (PMI) reading on Friday), another drop in US yields could be triggered, with markets anticipating the Federal Reserve lowering its monetary policy rate to boost the economy and demand. The US dollar weakened after several reports and economic data points last week revealed that US business activity slowed and consumer confidence waned, with expectations for inflation surging and markets pricing in more rate cuts by the Federal Reserve this year.

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CONVERGENCES: The New Geography Of Jewelry and Adornment At Wynn Las Vegas

Event Explores A Pivotal Cultural Shift: A Return To Intentional Spending Where Substance, Credibility, and Long-Term Relevance Dictate Consumer Choices

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As global economic pressures, surging gold prices, and shifting consumer priorities redefine the luxury landscape, industry trailblazers will gather for CONVERGENCES: The New Geography of Jewelry and Adornment. This highly anticipated panel discussion will take place on Friday, May 29, 2026, at 8:30 AM in the Convention Center Lounge at the Wynn Las Vegas.

Presented by Paola De Luca, Co-Founder & Creative Director of Trendvision J+F, the event explores a pivotal cultural shift: a return to intentional spending where substance, credibility, and long-term relevance dictate consumer choices. In this new era, gold and precious materials are transcending their traditional roles, regaining strategic importance as both deeply rooted symbols of heritage and vital, tangible assets.

To dissect this changing landscape, De Luca will host an dynamic, multi-disciplinary conversation featuring a panel of esteemed international industry experts:

  • Archana Thani – Celebrated Jewellery Consultant & Curator
  • Castro Smith – Renowned Hand Engraver and Jeweller
  • Emily Wansbrough – Buying Manager for Fine Jewelry & Watches at MyTheresa

Together, the panelists will bridge the worlds of curation, master craftsmanship, and global luxury retail to map out the new geography of adornment. Attendees can expect deep insights into emerging consumer behaviors, the economic resilience of precious materials, and the future of design.

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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.

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