International News
Gold near fresh all-time highs ahead of US trading session
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.
International News
GJEPC Delegation Begins Poland Leg Of Eastern Europe Trade Mission
Delegation Explores Poland, Romania and Serbia Through Market Studies, Retailer Interactions and Strategic Business Outreach To Expand India’s Gem and Jewellery Export Opportunities.
GJEPC has launched its Eastern Europe trade delegation with an on-ground market study in Warsaw, Poland, as part of a broader outreach covering Poland, Romania and Serbia from 18 to 26 May 2026.
The initiative aims to strengthen India’s trade engagement with emerging Eastern European markets and create new opportunities for gem and jewellery exports through structured business meetings, networking events and direct trade interactions.
On the first day in Warsaw, the delegation conducted an intensive assessment of the local jewellery market, visiting leading retail destinations including Złote Tarasy commercial centre. The team studied major regional players such as Apart, which operates over 200 showrooms, along with Vezzi, Ami, Arenart and Pandora, each with sizeable retail footprints.
Delegates engaged directly with retailers, shop owners and managers to showcase Indian manufacturing capabilities and explore potential business collaborations. The study also examined sourcing models, import logistics and consumer demand patterns across gold, silver and diamond jewellery categories.
The delegation is designed to provide participating members with focused market exposure, business leads and deeper insights into the evolving jewellery landscape across Eastern Europe.
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BrandBuzz28 minutes agoForevermark Diamond Jewellery Unveils Avaanti: A Celebration Of Life’s Never-Ending Symphony
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BrandBuzz3 hours agoDAIMANTÉ Strengthens Bridal Segment With Launch Of ‘Bridal Trousseau – Talisman Collection’
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