Connect with us

International News

Precious metals rebound on easing geopolitics, hawkish policy caps upside – AUGMONT BULLION REPORT

Published

on

Safe Haven DynamicsGold and silver have witnessed a technical rebound from key support levels of $4500 and $65 respectively, following a phase of liquidation by CTAs and institutional players booking profits to raise cash. The recovery was further supported by easing geopolitical concerns, as recent statements from the US and Israel indicated reduced risk of further disruptions to critical Middle Eastern energy infrastructure.

Geopolitical Developments – Market sentiment improved after indications that the US may ease sanctions on Iranian oil, potentially increasing global supply. Additionally, signals from Israel suggesting restraint on further strikes targeting Iranian energy assets have helped stabilise risk perception, thereby reducing immediate safe-haven demand for precious metals.

Monetary Policy Stance – The Federal Reserve maintained its policy rates, reiterating a data-dependent approach with no immediate inclination toward rate cuts until inflation moderates. Simultaneously, the ECB, BOJ, and BOE maintained status quo but conveyed relatively hawkish undertones. Markets have consequently repriced expectations, pushing Fed rate cuts further out while anticipating potential tightening from other central banks, exerting pressure on gold through elevated real yields.

Technical Triggers

Gold has successfully tested its support near $4600 (~ Rs.144,000) and is likely to consolidate within the $4550–$4800 (~ Rs.143,000 – Rs.150,000) range before establishing a directional trend.

Silver has similarly held support around $70 with expected consolidation between $70 (~Rs.230,000) and $76.50 (~ Rs.250,000), indicating a base formation before a potential upward move.

Support and Resistance

CategoryLevel
International Gold Support$4500/oz
International Gold Resistance$4800/oz
Domestic Gold Support₹140,000 / 10 gm
Domestic Gold Resistance₹150,000 / 10 gm
International Silver Support$70/oz
International Silver Resistance$76.5/oz
Domestic Silver Support₹230,000 / kg
Domestic Silver Resistance₹250,000 / kg

source:AUGMONT BULLION REPORT

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

International News

GIA Celebrates America’s 250th Anniversary With Special Red, White and Blue Gem Showcase

Through This Curated Exhibition, GIA Highlights The Scientific, Historical and Artistic Dimensions Of Gemstones While Commemorating A Major Milestone In American History.

Published

on

The Gemological Institute of America (GIA) has assembled a distinctive collection of red, white and blue gemstones and pearls to mark the 250th anniversary of the United States. The showcase demonstrates the remarkable diversity of gem materials and highlights how crystal structures, trace elements and natural formation processes influence colour and appearance.

The collection presents a patriotic palette through an array of rare and notable gemstones. Featured in the red category are ruby, red spinel, rhodochrosite and red beryl. A standout exhibit is a finely carved ruby portrait of Abraham Lincoln, underscoring the artistic possibilities of gemstone carving. The display also includes red beryl, one of the world’s rarest gemstones, which is commercially mined only at Utah’s Ruby Violet Mine.

Representing the white and colourless segment are zircon, beryllonite, apophyllite and pearls. Colourless zircon is renowned for its exceptional brilliance and fire, while beryllonite from Maine adds a uniquely American element to the collection. Natural pearls further enrich the display, showcasing the fascinating biomineralisation process through which they are formed inside mollusks.

The blue section features blue spinel, dumortierite, euclase and benitoite. Among these, benitoite holds special significance as California’s state gemstone. First discovered in 1907 and officially designated as the state gem in 1985, benitoite is celebrated for its vivid blue colour and striking sparkle. Despite extensive study, scientists have yet to fully determine the cause of its distinctive hue.

Through this curated exhibition, GIA highlights the scientific, historical and artistic dimensions of gemstones while commemorating a major milestone in American history.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x