International News
Gold prices fluctuate amidst escalating Middle East tensions and hawkish US Fed stance
Gold prices are attempting a recovery from weekly lows near $3,360 today, as renewed geopolitical concerns in the Middle East counterbalance a hawkish signal from the US Federal Reserve.
The yellow metal found fresh buyers near $3,363 early Thursday following reports that the United States is considering military action against Iran as early as this weekend, with potential strikes on Iran’s Fordow nuclear facility. This development has significantly heightened risk aversion in Asian trading, boosting gold’s traditional safe-haven appeal. Iran’s Supreme Leader Ayatollah Ali Khamenei had issued a stern warning yesterday, stating that any US military involvement would result in “irreparable damage.”
However, gold’s upward movement is being tempered by a resurgent US Dollar, which is also benefiting from safe-haven demand. The Greenback gained strength after the Federal Reserve maintained its policy rates (4.25%-4.5%) and kept projections for two interest rate cuts this year. Yet, the Fed’s decision was perceived as “hawkish” by markets due to trimmed expectations for cuts in 2026 and 2027, along with an upgraded inflation outlook amidst persistent trade and geopolitical uncertainties.
Consequently, gold price breached a key support level at $3,377 on Wednesday after the Fed’s announcement. Looking ahead, the Juneteenth holiday in the US could lead to thin trading conditions, potentially exaggerating gold price movements. Traders will be closely monitoring developments in the Middle East for further direction
International News
From Google To Generative AI: Jewellery Industry Faces A New Digital Discovery Era
The Transition From Link-Based Search Engines To AI Tools That Aggregate and Synthesize Information Poses A Unique Challenge For Diamond and Fine Jewellery Marketers. For The Natural Diamond Sector, The Stakes Are Particularly High.
The jewellery industry must rapidly adapt to a fundamental shift in how consumers discover products as artificial intelligence threatens to displace traditional search engines,said Raluca Anghel, Head of External Affairs at the NDC
Speaking at the CIBJO Centenary Congress 2026, , she cautioned that conversational AI platforms could overtake conventional online queries within years, reshaping digital marketing and consumer trust.
The transition from link-based search engines to AI tools that aggregate and synthesize information poses a unique challenge for diamond and fine jewellery marketers. Unlike standard Google results, which present a list of competing websites, AI platforms deliver direct, conversational answers. This shift makes the source data fed into AI algorithms critical to what consumers see and buy.
For the natural diamond sector, the stakes are particularly high. The industry has struggled with consumer confusion between mined diamonds and laboratory-grown alternatives, as well as complex terminology surrounding sustainability and origin.
Anghel emphasized that ensuring AI systems draw from verified, accurate sources is essential to combating widespread industry misconceptions. CIBJO, the World Jewellery Confederation, has long advocated for clear disclosure standards and terminology to maintain consumer confidence.
As AI platforms increasingly mediate the purchasing journey, the digital battleground for jewellers is shifting. Industry experts at the congress noted that the challenge is no longer merely ranking high on a search page, but securing credibility within the generative answers provided by AI systems.
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