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Precious Metals consolidate after FED rate cut and US-China trade deal AUGMONT BULLION REPORT

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  • A US-China trade agreement and waning expectations of rate cuts by the Federal Reserve are driving the consolidation of gold and silver prices, which are headed for a second consecutive weekly decline.
  • For the second time this year, the U.S. central bank lowered interest rates by a quarter of a percentage point on Wednesday, bringing the benchmark overnight rate between 3.75% and 4.00%. However, following comments by Fed Chair Jerome Powell, traders reduced their bets that the Fed would lower rates once more at its upcoming policy meeting in December.
  • President Trump reduced fentanyl duties to 10%, and Beijing promised to reduce production and resume US soybean purchases as part of a one-year trade deal on rare earths and key minerals.
  • Moreover, Kazakhstan led the world’s central banks in purchasing 220 tons of gold in Q3, up 28% from the previous quarter, while Brazil made its first purchase in more than four years.

Technical Triggers 

  • Gold prices are expected to consolidate in the range of $3900 (~Rs 117,500) to $4060 (~ Rs 122,000) for the next few days, so buy on dips and sell on rallies.
  • Silver prices are expected to consolidate in the range of 45.5(~Rs 140,000) and $49 (~Rs 150,000) for the next few days, so buy on dips and sell on rallies.

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$3900 / oz$4060 / oz
Indian₹117,500 / 10 gm₹122,000 / 10 gm
SilverInternational$45.5 / oz$49 / oz
Indian₹140,000 / kg₹150,000 / kg
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Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover

The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold

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Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.

The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.

The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.

Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.

Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.

With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.

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