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Gold prices jump near record high as Israel-Iran conflict escalates

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Gold prices rose sharply on Friday, June 13, 2025, coming close to their all-time high. This came after Israel launched a major military attack on Iran, hitting important nuclear and military sites. In response, Iran sent over 100 drones toward Israel, causing fears of a wider conflict in the Middle East. Gold prices remain firm as markets focus on Israel’s attacks on Iran.

XAU/USD continues to climb, with prices holding firm above $3,400 while US equities and risk assets plunge. Michigan consumer sentiment and expectations beat estimates, with inflation expectations falling. But ‘risk-off’ tone remains.

Because of these rising tensions, many investors rushed to buy gold, which is often seen as a safe place to put money during uncertain times. This demand pushed spot gold prices up to $3,417.10 per ounce, and gold futures for August delivery to $3,436.90—both near their previous record highs of around $3,500 reached in April 2025.

At the same time, new data showed that inflation in the U.S. is slowing down. This has increased hopes that the U.S. Federal Reserve might lower interest rates soon, which also supports gold prices.

In short, the mix of Middle East conflict and signs of lower U.S. inflation is making gold more attractive to investors looking for stability during uncertain times.

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74th Bangkok Gems & Jewelry Fair Set for September 2026 with Expanded Global Showcase

Stronger Participation, Wider Sourcing Opportunities, and Enhanced Exhibition Space Position the Fair as a Key Platform for Global Jewellery Trade

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The 74th edition of the Bangkok Gems & Jewelry Fair is scheduled to take place from September 8–12, 2026, at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, building on the strong momentum of its previous edition.

The 73rd edition recorded an impressive THB 4.75 billion in trade value and attracted over 40,000 visitors from 118 countries, reinforcing the fair’s position as a global sourcing hub for the jewellery industry.

This year, organisers have expanded the exhibition footprint to cover the entire QSNCC venue, including Halls 1–8 and Plenary Halls 1–4, with the addition of Plenary Hall 3. The move aims to accommodate growing exhibitor demand and improve navigation across product categories.

For jewellery retailers, the fair offers access to a diverse supplier base, spanning loose gemstones, finished jewellery, and manufacturing services. It also enables connections with OEM and ODM partners, supporting the creation of customised collections tailored to regional markets and pricing strategies.

Positioned within Thailand’s well-established gemstone and jewellery manufacturing ecosystem, the event provides opportunities to explore competitive sourcing, diversify supply chains, and gain insights into global trends.

With its broad product mix, international participation, and strong industry relevance, the upcoming edition is expected to support inventory planning, supplier discovery, and business expansion for jewellery retailers worldwide.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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