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Gold prices climbed above $4,250 ahead US ISM Manufacturing PMI release

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US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.

The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.

Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.

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DiamondBuzz

Belgium approves  hire of  foreign polishers and sorters

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The Belgian government has approved a key policy change allowing the diamond industry to hire foreign polishers and sorters without prior labor-market shortage verification. The move addresses an acute skills gap and supports Antwerp’s position as a leading global diamond hub, the Antwerp World Diamond Centre (AWDC) announced.

With the new provision, foreign specialists can now obtain a combined work-and-residence permit more quickly, giving companies smoother access to critical talent.

This decision comes at a pivotal time, enabling Antwerp to fully leverage its recent agreement with the US government. Under the deal, natural diamonds polished within the European Union are exempt from US import tariffs—making Antwerp the only major trading center with tariff-free access to the American market. The city currently exports approximately USD 2.1 billion in polished diamonds to the US each year.

The policy shift is expected to enhance Antwerp’s global competitiveness and support sustained growth in Belgium’s diamond industry.

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