International News
Ongoing global concerns contribute to gold’s more than 35% year-to-date increase AUGMONT BULLION REPORT
President Trump’s decision to dismiss Fed Governor Lisa Cook, ongoing global concerns, and anticipation of a September interest-rate cut have all contributed to gold’s more than 35% year-to-date increase on safe-haven demand.
As investors considered causes of uncertainty, such as President Donald Trump’s efforts to fire Fed Governor Lisa Cook and an appeals court that upheld a decision that the White House’s so-called reciprocal tariffs were unlawful, the action was taken.
Additionally, Wall Street locked in bets that the Fed would lower interest rates at its upcoming September meeting after the release of inflation data related to personal consumption expenditures that was consistent with forecasts. When borrowing costs decline, gold tends to appreciate because it becomes comparatively more attractive than interest-bearing securities like bonds.
Technical Triggers
If macroeconomic risks remain elevated, gold prices could feasibly target $3700 (~Rs 1.10 lakh) in the next few weeks in September.
Silver, after breaking $40 resistance, can continue its northward journey towards $43 (~Rs 1.30 lakh) in the next few weeks in September.
Support and Resistance
| Commodity | Support Level | Resistance Level |
|---|---|---|
| International Gold | $3500/oz | $3600/oz |
| Indian Gold | ₹103,500 / 10 gm | ₹106,000 / 10 gm |
| International Silver | $40.40/oz | $42/oz |
| Indian Silver | ₹123,000 / kg | ₹126,000 / kg |
International News
The Jewelry Symposium launches free online archive of technical papers
The Jewelry Symposium (TJS), the jewellery industry’s annual international event dedicated specifically to the advancement of jewellery manufacturing technology (previously known as Santa Fe Symposium), announced that it is newly offering a free online archive of previously presented TJS technical papers.
TJS board members agreed to make the annals of information presented by its speakers more widely available to anyone seeking to learn more or to advance their fine jewellery careers and/or businesses.
People have been asking for free access to the papers since our first TJS event in 2023. Many of our attendees and speakers were accustomed to the former Santa Fe Symposium’s archive which contains 30+ years of papers – it is still a rich and hugely valuable resource. At TJS, we are proud to continue this tradition, taking another bold step towards providing the industry with what it needs to continue to advance and grow.
Coinciding with the opening of registration for the 2026 TJS event, the archive of papers will go live on Monday 3rd November. Papers from the 2023 and 2024 editions of the symposium will then be available for free access. Going forward, the most recent year’s papers will become available after the following year’s Symposium.
Those attending TJS in person, however, will not have to wait a year for the content. All attendees will receive immediate access to that year’s content on the final day, as well as a printed copy of the limited-edition book.
The fourth annual Jewelry Symposium will take place 16-19 May 2026 in Troy, Michigan.
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