Precious Metals climbs to fresh highs as Dollar weakens AUGMONT BULLION REPORT

Published

9 months ago

January 28, 2026

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Gold’s break above $5200 and silver’s surge past $115 mark a decisive escalation in the precious metals rally, driven primarily by a sharp weakening of the US dollar and rising policy uncertainty.
The dollar slipping to a four-year low, combined with slumping US consumer confidence and concerns over the labour market, has strengthened the case for defensive assets.
President Trump’s signal that he is comfortable with a weaker dollar, along with expectations of rate cuts under a new Fed chair, has further reduced real yield support for the greenback.
Added to this, tariff threats and perceived pressure on Fed independence have amplified geopolitical and policy risk premiums—firmly underpinning gold and silver prices.

Technical Triggers

Gold has met its targets of $5200 and is moving towards $5300 (~ Rs.1,65,000). Strong support lies at $4,980–5,000, below which profit-booking could extend to $4,900 and $4,750.
Silver is resuming higher towards $120 (~ Rs 390,000). Key support is seen at $103 (~ Rs.3,40,000); a break could lead to retracement towards $100 and $97.

Support and Resistance

Metal	Market	Support Level	Resistance Level
Gold	International	$5000 / oz	$5300 / oz
Gold	India	₹155,000 / 10 gm	₹165,000 / 10 gm
Silver	International	$103 / oz	$120 / oz
Silver	India	₹340,000 / kg	₹390,000 / kg

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US Jewellery Companies Continued To Shrink In The Third Quarter:JBT

During Q3, Business Closures Dropped To 116 Compared To 126 In The Prior Year’s Third Quarter, Driven By 88 General Operational Cessations, 28 Acquisitions Or Mergers, and Zero Bankruptcies.

Published

8 hours ago

October 31, 2026

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The number of active US jewelry companies continued to shrink in the third quarter, but at a slower pace than a year ago, according to the latest data from the Jewelers Board of Trade (JBT).The US jewelry industry continued its structural consolidation through Q3, though the pace of business closures showed signs of stabilizing compared to the previous year. Data from the Jewelers Board of Trade (JBT) reflects ongoing consolidation across retail, wholesale, and manufacturing, coupled with heightened credit volatility.

Key Data & Metrics

Nationwide, the active business footprint stands at 21,831 companies, reflecting a 1.4% year-over-year decline. During Q3, business closures dropped to 116 compared to 126 in the prior year’s third quarter, driven by 88 general operational cessations, 28 acquisitions or mergers, and zero bankruptcies. Meanwhile, new market entrants also slowed, with 67 new business openings recorded in Q3 down from 89 during the same period last year.

Sector-by-Sector Breakdown

Sector	Active Count	YoY Change	Impact Summary
Retailers	16,564	-1.5%	Makes up the majority of the sector; experienced the largest net store count reduction.
Manufacturers	2,061	-1.7%	Steepest percentage decline among all segments.
Wholesalers	3,206	-0.9%	Relatively stable, holding the mildest contraction rate.

Credit & Financial Health Trends

The JBT report highlights dynamic shifts in creditworthiness across US and Canadian businesses, signaling bifurcated financial health:

Credit Downgrades: Jumped sharply to 1,655 (up from 620 in Q3 of the prior year).
Credit Upgrades: Rose significantly to 1,480 (up from 551 in Q3 of the prior year).

While net business closures are tapering off, high numbers of simultaneous upgrades and downgrades point to a split market where resilient operators are strengthening their positions while vulnerable businesses face tighter financial pressures.