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Gold, silver regain ground after a sharp fall on renewed safe-haven demand

Bullion rebounds as geopolitical risks revive safe-haven buying, even as higher oil prices delay expectations of Federal Reserve rate cuts.

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Gold and silver regained ground on Wednesday (March 4) after a sharp fall on Tuesday (March 3), reflecting renewed safe-haven demand amid geopolitical tensions and market volatility.

Gold had retreated sharply overnight as markets moved beyond initial Middle East tensions and shifted focus to Federal Reserve policy repricing. While threats to the Strait of Hormuz lifted crude prices, the inflationary impact of higher energy costs complicated bullion’s outlook. Elevated oil prices challenge the Fed’s disinflation path, prompting traders to push expected rate cuts from June/July toward September.

The threat to the Strait of Hormuz has driven crude prices higher, but the implications for Gold are more complex than a simple risk-off rally. While geopolitical tensions typically support bullion, the resulting spike in energy costs also raises the prospect that global inflation could remain elevated for longer than previously expected.

Higher oil prices act as a direct challenge to the Fed’s disinflation narrative. Energy costs effectively operate as a tax on economic activity while simultaneously pushing headline inflation higher. As a result, traders have begun pushing back expectations for the next Fed rate cut from June or July toward September.

That shift implies a longer period of policy restraint as the Fed waits to assess how persistent the energy shock may prove. If inflation expectations begin to rise again, policymakers are likely to remain cautious, preferring to keep rates higher for longer until the second-round effects of oil prices become clearer.

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American Gem Society Announces Conclave 2026

Four dynamic keynote speakers to inspire leadership, innovation, and client excellence at AGS Conclave 2026 in Orlando.

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The American Gem Society (AGS) today announced an exciting keynote lineup for Conclave 2026, featuring four standout voices who will bring fresh perspectives on leadership, service, creativity, and magic. Conclave 2026 will take place September 14–17, 2026, at the Omni Orlando Resort at Champions Gate in Orlando, Florida.

This year’s keynote speakers were selected to provide actionable strategies that address the evolving needs of the jewelry industry.

The opening keynote on Tuesday, September 15, is Ben Nemtin, co-founder of The Buried Life movement, and a #1 New York Times bestselling author of What Do You Want to Do Before You Die? A nationally recognized speaker, Nemtin has addressed Fortune 100 companies and global audiences, sharing messages centered on purpose, resilience, and personal growth.

Wednesday’s breakfast keynote will feature Will Guidara, New York Times bestselling author of Unreasonable Hospitality and former co-owner of Eleven Madison Park. Under his leadership, the restaurant earned four New York Times stars, three Michelin stars, and was named #1 on the World’s 50 Best Restaurants list in 2017. Guidara focuses on leadership, service, and organizational culture.

Thursday’s breakfast keynote speaker is Deanna Marsigliese, an art director, character designer, and 2D animator at Pixar Animation Studios. Since 2012, she has contributed to films including Inside OutSoulToy Story 4, and Luca, and most recently designed characters for Pixar’s Inside Out 2 (2024).

“Conclave delivers the education, inspiration, and community that AGS members rely on to grow, and we’re excited to bring that experience to Orlando,” said Denise Richards, Chair of the Conclave Subcommittee. “There’s something inherently magical about gathering in a place known for imagination and possibility, and that spirit of whimsy is reflected in this year’s keynote lineup. The program is designed to deliver practical ideas attendees can bring straight back to their businesses—strengthening leadership, elevating the client experience, and sparking fresh thinking that helps teams perform at their best.”  

“I’m so excited to welcome everyone to Orlando for Conclave 2026,” said Alexis Padis, President of the AGS International Board of Directors. “Conclave is one of those rare events where you leave feeling recharged, prouder of the work we do, and even more excited about what’s next. Our keynote lineup, along with other plans we have in store, will make it a standout year.”

The keynote lineup concludes at the Titleholder Luncheon with David Kwong, a magician, New York Times crossword puzzle constructor, and TED Talk speaker. Kwong blends illusion and psychology to explore perception, influence, and problem-solving for professional audiences.

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