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
Qatar launches Qatar Diamond Exchange
The New Exchange Combines Trading, Certification, Vaulting and Customs In One Regulated Ecosystem, Aiming To Attract International Diamond Businesses To Doha.
Qatar has launched the Qatar Diamond Exchange (QDE), a new marketplace for rough and polished diamonds designed to connect Doha with international trading networks.
The new exchange combines trading, certification, vaulting and customs in one regulated ecosystem, aiming to attract international diamond businesses to Doha.
Developed by the Qatar Free Zones Authority (QFZ), the QDE brings together trading, membership, vaulting, certification, customs and industry services within a single regulated ecosystem. The exchange is designed to connect Doha with international diamond markets while supporting Qatar National Vision 2030 and the country’s broader economic diversification strategy.
Membership is open to diamond traders, manufacturers, cutters, polishers, affiliated service providers and industry bodies. Members receive access to trading licences, independent valuation and assortment services, secure vaulting, specialist insurance, and free-zone incentives including 100% foreign ownership and 0% corporate tax for qualifying businesses.
Looking ahead, the exchange plans to host a calendar of rough and polished diamond tenders that will connect producers across Africa and Asia with buyers in Europe and the Gulf. By combining international regulatory standards with purpose-built infrastructure and investor-friendly policies, Qatar aims to establish Doha as a trusted gateway for the global diamond trade.
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