Connect with us

International News

Gold Price Holds Steady Near $3,310 in Early Asian Trading

Gold prices are flat around $3,310 during early trading on Monday in Asia

Published

on

The precious metal is showing little movement, as a stronger U.S. Dollar is putting pressure on gold. However, uncertainty over U.S. trade policies — especially potential new tariffs from President Donald Trump — is helping to keep gold from falling further.

On Friday, the U.S. jobs report showed that Nonfarm Payrolls (NFP) rose by 139,000 in May, beating expectations of 130,000, even though April’s figure was revised down from 177,000 to 147,000. The unemployment rate remained unchanged at 4.2%, and average hourly earnings stayed steady at 3.9%, both slightly stronger than expected.

The solid job data boosted the dollar and added pressure on gold, which is priced in USD. However, with the economy holding steady, traders now expect the Federal Reserve to keep interest rates unchanged at its next two meetings.

Later today, attention will turn to U.S.-China trade talks, which could influence market sentiment and impact gold prices further.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

International News

GJEPC Steps Up UK Outreach Ahead Of IIJS Bharat Premiere 2026

GJEPC Visited Major Jewellery Trading Hubs, Meeting 20+ Jewellery Retailers and Wholesalers Through In-Person Interactions

Published

on

GJEPC intensified its promotional efforts in the United Kingdom ahead of IIJS Bharat Premiere 2026 through a week-long outreach programme in London that combined direct retailer engagement with the 2nd India-UK Jewellery Buyer-Seller Meet (BSM). The initiative was held from 6 to 10 July 2026 and aimed to attract more UK buyers while strengthening trade ties following the India-UK Free Trade Agreement.

As part of the campaign, Gaurang Vora, Manager, GJEPC, visited major jewellery trading hubs including Green Street, Southall and Wembley, meeting 20+ jewellery retailers and wholesalers through in-person interactions. He promoted IIJS Bharat Premiere 2026, distributed event information and registration details, and gathered market feedback on sourcing requirements and buying trends.

Based on feedback from UK buyers, the 2nd India-UK Jewellery Buyer-Seller Meet generated strong demand for 22-karat gold jewellery, diamond jewellery, lightweight designs, lab-grown diamond jewellery and silver jewellery. Buyers also expressed interest in sourcing from reliable, export-oriented Indian manufacturers and suggested that suppliers offer smaller minimum order quantities to better meet the needs of independent retailers.

The campaign generated new buyer enquiries, strengthened relationships with existing trade partners and provided GJEPC with market intelligence on consumer preferences and sourcing trends. The Council plans to continue engaging with buyers, assist with IIJS Bharat Premiere registrations and facilitate introductions between overseas buyers and Indian manufacturers.

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x