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Precious metals wait for PCE data for further cues AUGMONT BULLION REPORT

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  • 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

CategorySupport LevelResistance 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
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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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