International News
Precious metals wait for PCE data for further cues AUGMONT BULLION REPORT
- Gold and silver prices are consolidating as rising US Treasury yields counteract support from a weaker dollar, while investors await Friday’s US inflation data for hints on the Federal Reserve’s policy stance ahead of its December meeting.
- Meanwhile, ADP reported an unexpected 32K reduction in private payrolls, while Challenger reported 71K layoffs in November, increasing the year-to-date total to nearly 1.17 million, indicating a cooling labor market. These events have increased the likelihood of a Fed rate cut next week, with markets pricing in around an 87% chance. This year, gold has increased by more than 60% in dollar terms, the highest performance in 46 years.
- Russian President Vladimir Putin said on Thursday that several proposals in a US plan to end the war in Ukraine are unacceptable, implying that a solution is still some time away. Furthermore, Putin reiterated that Ukrainian troops must evacuate from the Donbas region or Russia will capture it. Geopolitical threats continue to be a factor boosting gold and silver prices.
Technical Triggers
- Gold has started its upward journey again; the next target is $4300 (~Rs 132,000) and $4345 (~Rs 133,500) with strong support at $4200 (~Rs 129,000).
- Silver can continue its rally towards $60 (~Rs 185,500) and $62 (~Rs 191,000), with firm support at $57 (~Rs 177,000), if tight supply conditions continue.
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $4200/oz | $4345/oz |
| Indian Gold | ₹129,000 / 10 gm | ₹132,000 / 10 gm |
| International Silver | $57/oz | $62/oz |
| Indian Silver | ₹177,000 / kg | ₹191,000 / kg |
International News
WGC Outlook 2026: Geopolitics, Growth Risks and Rate Shifts to Steer Gold’s Next Move
Gold’s 2026 trajectory hinges on economic shifts, policy outcomes and global stability, says the latest WGC outlook.
Gold is up by more than 60% y-t-d and is gearing up to have one of its strongest annual performances in decades. Investment demand has been one of the key drivers, in response to a highly charged geopolitical environment, a weaker US dollar, and positive price momentum. At the same time, central bank demand remains strong. Combined, their effect has more than offset any weakness seen in jewellery.
Looking to 2026, the outlook is shaped by ongoing geoeconomic uncertainty. The gold price today reflects consensus expectations for next year, but the global economy rarely ever plays out as planned.
Against this backdrop, our analysis shows that:
If economic growth slows and interest rates fall more than expected next year, gold could see gains between 5% and 15%.
In a more severe downturn marked by rising global risks, gold could see a marked increase between 15% and 30%.
Conversely, a successful outcome from policies set by the Trump administration would accelerate economic growth, reduce risk and push gold down between 5% and 20%.
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