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Gold still shows a battle between buyers and sellers

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Gold is holding steady around $4,200 as the US Federal Reserve begins its two-day policy meeting on Tuesday.The US Dollar is weakening, and Treasury yields are falling, even though overall market sentiment is cautious.

On the daily chart, gold still shows a battle between buyers and sellers, which is likely to continue until the US jobs report comes out.

Gold is hovering near $4,200 on Tuesday morning as traders wait for a clear signal from the Federal Reserve’s announcement on Wednesday. The recent trading range has become tighter, making the market more sensitive to upcoming news.

Gold buyers are making another attempt to push prices higher for the third day in a row. Their confidence is helped by the latest tariff warnings from US President Donald Trump, which have put pressure on the US Dollar.

Gold futures trade slightly softer but still near the highs, with front-month contracts around $4,239–4,240, and a 52‑week range stretching up to about $4,398, a gain of nearly 58% over the past year

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GIA, Gübelin Gem Lab Confirm Rare Tourmaline Discovery In Ethiopia

The Testing Revealed hat While The Stones Exhibit The Signature Electric Blues, Bluish-Greens, Violets, and Purples Typical Of Copper-Bearing Elbaite, Their Trace-Element Profile Is Distinct From South American and West African Counterparts.

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Two of the world’s foremost gemological authorities have verified the discovery of a significant new source of rare, copper-bearing tourmaline in Ethiopia, adding a major new supplier to one of the luxury jewelry sector’s most valuable gemstone markets.

Independent testing conducted by the Gemological Institute of America (GIA) and Switzerland-based Gübelin Gem Lab confirmed that newly circulating rough material originates from an Ethiopian deposit and qualifies as the coveted “Paraiba” variety. Historically, supply of the vivid, copper-infused gemstone has been restricted to limited deposits in Brazil, Nigeria, and Mozambique.

Reports of Ethiopian material first emerged across global trading networks in early 2026 as unrefined stones began appearing on international markets. Gübelin acquired and tested roughly 300 rough and cut specimens in May, while the GIA analyzed a parcel of more than 100 stones in July to establish origin baselines.

The testing revealed that while the stones exhibit the signature electric blues, bluish-greens, violets, and purples typical of copper-bearing elbaite, their trace-element profile is distinct from South American and West African counterparts.

Many specimens also display pronounced internal color zoning corresponding to subtle variations in chemical concentration during crystallization.

Both laboratories stated they will continue expanding their reference databases and analytical testing as commercial mining operations mature and additional Ethiopian rough enters the global supply chain.

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