Gold spikes on sluggish US data ; AUGMONT BULLION REPORT

Published

1 year ago

June 5, 2025

JewelBuzz Spread The Buzz

Following confirmation of the US economic downturn by ISM and ADP statistics, gold has recovered from its low. According to US economic data, the economy is cooling, which may call for the Fed to take additional action.
Business activity in the services sector shrank for the first time in over a year, according to data from the Institute for Supply Management. According to the ADP National Employment Change data, private hiring in the nation also experienced a significant slowdown in May.
Regarding trade, worries about growing hostilities between the US and important trading partners remained after Trump increased steel and aluminium tariffs and said that negotiating with Chinese President Xi Jinping was especially challenging.
Markets await Jobless Claims and NFP for additional policy guidance as Fed officials continue to be hesitant about lowering rates.

Technical Triggers

Gold prices have broken the range of $3275(~Rs 95000) and $3375(~Rs 96400) on the upside. If this positive momentum continues, we are likely to see the price rise towards $3450 (~Rs 99000).
Silver prices have broken the one-month range of $32.5(~Rs 96000) and $34(~Rs 99000), next resistance is $35 (~Rs 101,500).

Support and Resistance

Metal	Region	Support Level	Resistance Level
Gold	International	$3275/oz	$3450/oz
	Indian	₹95,000/10 gm	₹99,000/10 gm
Silver	International	$32.5/oz	$35/oz
	Indian	₹96,000/kg	₹1,01,500/kg

Related Topics:2025 Augmont Bullion Report internationalnews

Up Next

Gold loan rules eased , small borrowers can get 85% of gold value

Don't Miss

AVR Swarna Mahal Unveils D•REN — A New Era of High Jewellery Begins

Click to comment

Name*

Email*

Website

Name*

Email*

Website

0 Comments

Oldest

Newest Most Voted

Global Bullion Markets Experience Downturn As US Fed Keeps Interest Rates Unchanged

Market Analysts Anticipate Continued Volatility In Precious Metals As Traders Digest The Fed’s Stance On Monetary Policy and Its Implications For Future Rate Trajectories

Published

2 days ago

October 29, 2026

JewelBuzz Spread The Buzz

Global bullion markets experienced a downturn on Thursday as spot gold and silver prices each fell by nearly 1% following the U.S. Federal Reserve’s overnight decision to keep key interest rates unchanged. Domestic gold and silver prices in India are expected to reflect this global weakness throughout today’s trading session.

Parameter	Details
Gold (MCX) Futures	~₹1,43,600.00 – ₹1,43,724.00 per 10 grams
Silver (MCX) Futures	~₹1,94,450.00 per kg
Key Contract Benchmark	December 2026 Gold Futures are hovering near ₹1,42,324 – ₹1,43,700 levels.
Spot Gold	Down ~1%, struggling around $4,044/oz.
Spot Silver	Down ~1%, trading below $53.50/oz.
U.S. Fed Policy Rate	Unchanged at 3.75% – 4.00%.

In international markets, spot gold tumbled nearly 1% to trade near $4,044 per ounce, while spot silver dropped 1% to fall below $53.50 per ounce.

The market reaction follows the latest Federal Open Market Committee (FOMC) meeting, where policymakers voted to maintain the target range for the federal funds rate at 3.75% to 4.00% (3-3/4 to 4 percent).

In an official statement, the FOMC reaffirmed its commitment to supporting its dual mandate of maximum employment and price stability while continuing its policy of maintaining ample reserves within the banking system.

Market analysts anticipate continued volatility in precious metals as traders digest the Fed’s stance on monetary policy and its implications for future rate trajectories.