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Gold rally continues;US PCE Price Index data keenly awaited

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Gold price extends its record-setting rally toward $3,100 after settling above $3,050 on Thursday. Sitting at record highs, Gold price keenly awaits the US Personal Consumption Expenditures (PCE) Price Index data and US President Donald Trump’s tariff updates for additional trading impetus.

The recent announcement of a 25% tariff on imported cars and light trucks, effective April 3, along with duties on auto parts beginning May 3, has reignited trade war fears. Reciprocal tariffs from key trading partners are expected to follow, creating an environment of uncertainty that further boosts gold’s appeal. Historically, protectionist policies have contributed to financial market instability, leading investors to shift capital into more stable assets such as gold.

Technical indicators suggest that gold prices are nearing the $3,080 resistance level, a crucial threshold for market sentiment. A breakthrough above this level could pave the way for prices to reach $3,100 and beyond. However, the Relative Strength Index (RSI) is currently at 72.50, indicating overbought conditions that may lead to a short-term correction. Key support levels to watch include $3,050 and $3,012, with $3,000 serving as a significant psychological barrier.

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Mohar Fine Jewels x Gemfields : From Florals To Geometry, Coloured Gemstones Take New Forms

The Latest Collection Pairs Gemfields’ Zambian Emeralds and Mozambican Rubies With Mohar Fine Jewels’ Craftsmanship Across Bold, Floral and Contemporary Designs. 

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With a three-generation legacy in fine jewellery, Mohar Fine Jewels has built its expertise around natural gemstones, with emeralds being a particular focus for the family. The latest additions to the partnership with Gemfields bring together Zambian emeralds and Mozambican rubies across individual designs that play with floral forms, geometric silhouettes and statement proportions.

The new pieces look at coloured gemstone jewellery through a more expressive lens, with the gemstones often taking centre stage rather than being treated as accents. The Ruby Droplet Earrings, for instance, use 33.69cts of Gemfields Mozambican rubies with 4.78cts of diamonds, creating a bold red statement in 18k gold. On the emerald side, the Emerald and Diamond Blooming Studs bring together 18.30cts of Gemfields Zambian emeralds with 4.07cts of diamonds, translating the idea of a bloom into a more defined, sculptural silhouette.

The Emerald and Diamond Earrings make a statement through scale, featuring 51.59cts of Zambian emeralds alongside 8.96cts of diamonds. A more structured take comes through in the Emerald and Diamond Studs, which pair 7.36cts of Zambian emeralds with 0.965cts of diamonds. Meanwhile, the Emerald and Yellow Diamond Studs introduce a contrasting play of colour, centred around a 25.6ct Zambian emerald with 3.09cts of diamonds. The Ruby Blossom Necklace takes the floral inspiration in another direction, using a blooming silhouette to frame the deep red of Mozambican rubies.

Across the pieces, the designs move between statement and more wearable silhouettes, making coloured gemstones the defining element for occasion dressing while bringing together Mohar Fine Jewels’ craftsmanship and Gemfields’ Zambian emeralds and Mozambican rubies.

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