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
GJEPC Delegation Explores Trade Opportunities With Uzbekistan At Tashkent Networking Meet
A 10-member Indian Gems and Jewellery Delegation Engaged With More Than 60 Stakeholders From The Jewellery Trade, Government Bodies, Customs Authorities and Industry Associations To Strengthen Bilateral Trade Ties
A 10-member Indian gems and jewellery delegation participated in a high-level networking event in Tashkent, Uzbekistan, engaging with more than 60 stakeholders from the jewellery trade, government bodies, customs authorities and industry associations to strengthen bilateral trade ties.
The Indian delegation was led by Sohil Kothari, Convenor – SEZ Sub-committee, GJEPC, who outlined the objectives of the visit and reaffirmed India’s commitment to expanding cooperation with Uzbekistan’s gems and jewellery sector.
The event opened with a welcome address by Her Excellency Smita Pant, Ambassador of India to Uzbekistan, who emphasised the importance of closer economic engagement between the two countries.
Among the key dignitaries in attendance were Roziboyev, Head of the Department of Supporting Business at the Customs Committee of Uzbekistan, along with other Customs Committee officials; Alisher Shaykhov, Advisor to the Chairman of the Chamber of Commerce and Industry of Uzbekistan; and Nodir Mirahmedov, Chairman of the Jewellery Association of Uzbekistan.
During the networking session, the GJEPC delegation showcased India’s strengths across the gems and jewellery value chain, highlighting the country’s manufacturing capabilities, export expertise and comprehensive industry ecosystem. The presentation also focused on opportunities to deepen trade cooperation, facilitate business partnerships and enhance collaboration between Indian and Uzbek jewellery companies.
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National News12 hours agoHastmilap Secures Patent For Prismix Cut Diamond Technique
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National News11 hours agoHari Krishna Group’s 12th Amrit Ganga Tirth Yatra Brings 1,380 Members Together in a Celebration of Faith, Gratitude and Togetherness
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International News14 hours agoGJEPC Delegation Explores Trade Opportunities With Uzbekistan At Tashkent Networking Meet
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