International News
Gold price struggles to capitalize on intraday gains amid receding Fed rate cut bets
Concerns about Trump’s trade tariff and a modest USD weakness underpin the XAU/USD pair.
Gold price (XAU/USD) builds on the previous day’s bounce from the $2,864 region touched in reaction to hotter US consumer inflation figures and gains some follow-through positive traction for the second straight day on Thursday. A fresh leg down in the US Treasury bond yields exerts downward pressure on the US Dollar (USD), which, in turn, is seen benefiting the USD-denominated commodity. Apart from this, worries about US President Donald Trump’s tariffs and a global trade war underpin the safe-haven bullion.
Meanwhile, the hotter US consumer inflation figures released on Wednesday reaffirmed market expectations that the Federal Reserve (Fed) will stick to its hawkish stance and hold interest rates steady for an extended period. This could act as a tailwind for the US bond yields and the Greenback, which, in turn, acts as a headwind for the non-yielding Gold price amid still-overbought conditions on the daily chart. Traders now look forward to the release of the US Producer Price Index (PPI) for some meaningful impetus.
International News
Dolce & Gabbana Unveils Alta Gioielleria Taormina Collection Inspired By Sicily’s Timeless Heritage
The Latest High Jewellery Collection Celebrates Sicily’s Vibrant Landscapes, Sacred Traditions, and Exceptional Craftsmanship Through Handcrafted Masterpieces Adorned With Intricate Goldwork and Precious Gemstones.
Dolce & Gabbana has unveiled its Alta Gioielleria Taormina Collection, a spectacular tribute to Sicily’s rich heritage, drawing inspiration from the island’s vibrant landscapes, sacred traditions, and artistic legacy.
Each masterpiece in the collection is meticulously handcrafted, showcasing intricate goldwork, hand-painted details, and precious gemstones that reflect the beauty and cultural richness of Sicily. The designs embody the Maison’s commitment to Italian craftsmanship, combining traditional artistry with contemporary luxury.
More than a high jewellery collection, the Alta Gioielleria Taormina Collection celebrates Italian culture, timeless elegance, and the enduring spirit of luxury craftsmanship, reinforcing Dolce&Gabbana’s legacy of creating extraordinary jewellery inspired by art, history, and heritage.
Collection Highlight:
- San Domenico Setting: Displayed within the ancient cloisters and halls of San Domenico.
- Artisan Roses: Features hand-sculpted and enamelled gold roses enclosed in unique settings.
- Sacred Motifs: Includes parures that pay direct tribute to the artistic veneration of the Madonna.
- Couture Context: Debuted alongside the Alta Moda presentation at Radicepura and the Alta Sartoria show at the ancient Teatro Antico.
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