Gold tug-of-war extends amid trump tariff threats :AUGMONT BULLION REPORT

Published

1 year ago

July 8, 2025

JewelBuzz Spread The Buzz

Gold prices are currently trapped around the $3270 to $3420 region as the current consolidation pattern continues into the twelfth week. But rebounding dollar, which is driving the lower price action, the possibility of increased trade tensions could provide support.
Japan has been notified in writing by US President Donald Trump that all Japanese imports into the US will be subject to a 25% duty starting on August 1.
The leaders of 12 other nations received similar letters, alerting them of the imposition of 25% to 40% tariffs beginning next month.
Trump’s announcements further damaged risk sentiment, which fueled a new surge in the price of gold, a classic safe-haven asset, as worries of a trade war were rekindled around the world by the repeated tariff threats.

Technical Triggers

Gold is expected to trade in the range of $3300 (~Rs 96000) and $3400 (~Rs 98500) this week.
Silver has given a breakout of its range, trading above $37 (~ Rs 108,000). Now next target is $38 (~Rs 111,000)

Support and Resistance

Commodity	Support Level	Resistance Level
International Gold	$3250/oz	$3440/oz
Indian Gold	₹95,000/10 gm	₹98,500/10 gm

Related Topics:2025 Augmont Bullion Report internationalnews

Up Next

Lucira Introduces Live Video Call Feature to Enhance Online Jewelry Shopping Experience

Don't Miss

Kalyan Jewellers – Quarterly Update: Q1 FY2026

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

14 hours 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.