International News
Gold slips below $3300 on de-escalation of tariff war: AUGMONT BULLION WEEKLY BLOG
After the Federal Reserve reaffirmed that it is not in a rush to cut interest rates since the U.S. economy is still relatively steady and inflation concerns are still high, gold’s price action last week was comparatively neutral.
In recent weeks, the Greenback has recovered after dropping almost 9% from its March peak and momentarily falling below 98 last month. The US-China trade rhetoric has been cooling, which has been a major factor in the recovery. This weekend’s meeting between US and Chinese officials in Switzerland could have immediate effects.
The United States and China declared “significant progress” following two days of negotiations in Switzerland to defuse a trade war. A trade deal with China was reached after two days of talks in Geneva, according to top Trump administration officials. This might be a huge win for President Donald Trump in his trade war with Beijing. Trump indicated a readiness to reduce U.S. tariffs on China to 80% going into the weekend trade talks, but it was unclear at first if either side would agree to decrease taxes on the other.
Trade discussions with US officials are “an important first step” in stabilising bilateral trade relations, according to China’s Vice Premier He Lifeng. The two parties also achieved “substantial progress,” according to US Treasury Secretary Scott Bessent. However, traders will watch the contents of the US-China trade discussions, which the US will provide on Monday.
In April, the People’s Bank of China increased its gold stockpiles by 2 tonnes for the sixth consecutive month, according to the World Gold Council. While the Czech National Bank’s reserves rose by 2.5 tonnes in April, the National Bank of Poland’s (NBP) holdings jumped by 12 tonnes to 509 tonnes.
| Condition | Price Level (USD) | Price Level (INR) | Implication |
|---|---|---|---|
| Rally shows signs of exhaustion | ~$3400 | ~₹97,000 | Gains paused twice; short-term rally may be nearing exhaustion |
| Price remains below resistance this week | <$3365 | <₹94,000 | Potential drop towards $3200 (~₹92,000) |
| Price breaks and holds below neckline support (Double Top) | <$3200 | <₹92,000 | Expected decline of $200 towards $3000 (~₹86,000) |
| Market relief (e.g., easing tensions or tariff reductions) | – | – | Sellers may temporarily regain control |
International News
Mutual Engagement Ring-Wearing On The Rise, Insurance Lagging: Jewelers Mutual Group 2026 Engagement Ring Study
Jewelers Mutual Group 2026 Engagement Ring Study Finds Mutual Ring-Wearing Has Overtaken Tradition, But Insurance Hasn’t Kept Pace With How Couples Live With Their Rings.
Jewelers Mutual Group 2026 Engagement Ring Study finds mutual ring-wearing has overtaken tradition, but insurance hasn’t kept pace with how couples live with their rings.
Jewelers Mutual® Group, the jewelry insurer backed by more than 100 years of expertise, released new findings from its 2026 Engagement Ring Study, examining how couples shop for, wear and protect one of the most meaningful purchases of their lives, and where coverage often falls short. Results indicated that as ring-wearing norms shift, protection habits haven’t caught up, leaving a growing gap between what couples own and what they cover.
The generational split is wide. More than 80% of couples ages 55 to 64 both wear a ring, compared with just 43% of couples ages 18 to 24, suggesting mutual ring-wearing, while now the norm overall, is still catching on among the couples getting engaged today.
The risk window opens well before anyone gets down on one knee. Forty-one percent of proposers hold onto the ring for more than a month before proposing, and nearly half (45%) store it somewhere unsecured, like a drawer or closet, in the meantime.
Once the ring goes on, it tends to stay on. Ninety percent of wearers travel with their engagement ring, and most don’t take it off for everyday activities that put it at risk, including cooking (60%), sleeping (60%) and hiking (65%).
The financial exposure is real: 62% of respondents count their engagement ring among the three most expensive things they own. Yet among uninsured wearers whose ring was damaged, 55% never had it repaired.
Couples should take a few key steps to protect an engagement ring:
- Purchase insurance before or at the time of the proposal, not after
- Document the ring with photographs and a professional appraisal
- Store the ring in a safe or safety deposit box before the proposal
- Consider specialized jewelry insurance, which covers loss, theft and damage that standard homeowners or renters’ policies may not adequately address
Design or uniqueness remains the top factor in choosing a ring, cited by 52% of respondents, far ahead of price, stone size and brand. Solitaire settings have become the most popular choice since 2024, now making up 37% of rings versus 22% two years ago, and white gold remains the most common metal, though preference in platinum has grown considerably.
Budget confidence tracks with intention, not price point: respondents who set a ring budget based on personal comfort, rather than an external benchmark, report the highest confidence in their purchase and the lowest financial stress about it. That deliberateness carries past the purchase, too.
Among wearers who don’t yet own their final ring, 84% say they’re still actively researching options, a sign that even once a ring is on, the decision-making isn’t necessarily over. When couples do seek guidance on insuring what they’ve chosen, they turn to people they trust: jewelers rank as the second most trusted source for jewelry care recommendations, behind only family.
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