International News
Gold price approaches $3,300 mark amid persistent trade-related uncertainties
Gold price continues to attract safe-haven flows amid persistent trade-related uncertainties.Bets for aggressive policy easing by the Fed and a weaker USD also benefit the XAU/USD pair. Investors now look forward to Fed Chair Jerome Powell’s speech for some meaningful impetus.
Gold prices surged toward the $3,300 mark on Wednesday, driven by persistent safe-haven demand amid escalating US-China trade tensions and growing fears of a US recession. The ongoing uncertainty surrounding US tariffs and expectations of aggressive Federal Reserve rate cuts in 2025—potentially totaling 100 basis points—have further weakened the US Dollar, bolstering gold’s appeal.
Despite slightly overbought technical conditions, XAU/USD remains strong, supported by diminished investor confidence in US economic policies following President Trump’s erratic tariff moves. China’s stronger-than-expected economic data has done little to offset concerns over the intensifying trade war. All eyes now turn to Fed Chair Jerome Powell’s upcoming speech, which could offer crucial insight into the future rate trajectory and shape near-term market sentiment.
International News
GJEPC Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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