International News
Safe-Haven Rebound Amid Geopolitical Easing and Macro Uncertainty Augmont Bullion Report
Gold Has Bounced From The $4,500–4,550 (~Rs. 1,49,000) Support Zone and Is Now Targeting Resistance At $4,800–4,850 (~Rs. 1,55,000)
- Safe-Haven Dynamics – Gold and silver have recovered from key support levels as Middle East de-escalation signals pressured oil prices, reducing inflation concerns. The dollar weakened against major currencies after the US indicated progress toward an Iran deal, while the yen surged to a two-month high amid intervention expectations.
- Geopolitical Developments – President Trump announced a temporary pause in “Project Freedom” — the US military’s commercial shipping escort operation through the Strait of Hormuz — to allow time for a potential Iran agreement. Trump confirmed via Truth Social that negotiations have advanced significantly toward a comprehensive deal.
- Macro-economic Signals – Market attention now shifts to the upcoming non-farm payrolls data, which will indicate whether economic resilience justifies holding Fed policy steady or whether labour market softening strengthens the case for rate cuts.
Technical Triggers
- Gold has bounced from the $4,500–4,550 (~Rs. 1,49,000) support zone and is now targeting resistance at $4,800–4,850 (~Rs. 1,55,000).
- Silver has recovered from the $73 (~Rs. 2,43,000) support level and is expected to advance toward resistance at $77–78 (~Rs. 2,54,000–2,56,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4500/oz : $4850/oz : Rs 148,000/10 gm : Rs 155,000/10 gm |
International News
Meta Is Reportedly Testing AI Pendant, Part Of Wearables Lineup Expansion
Internal Testing Is Slated For Next Spring, With An Ambitious Target Of 10 Million Wearable Sales In H2.
Meta is said to be testing an AI pendant as part of a push to broaden its wearables lineup, according to an internal memo reported by The Information. The move aims to boost engagement with Meta’s AI tools and support monetization via subscriptions and its consumer AI agent, Hatch. Internal testing is slated for next spring, with an ambitious target of 10 million wearable sales in H2.
Meta has reportedly set an ambitious goal of selling 10 million wearable devices in the second half of this year; while its smart glasses have seen stronger early adoption, it’s now burning through money, with Meta’s Reality Labs unit reportedly racking up more than $4 billion in operating losses in its latest quarter on revenue of just $402 million.
Past AI-jewelry attempts (e.g., the 2024 Friend pendant) sparked conversation more than purchases, raising privacy and utility concerns. Still, if Meta pushes a polished product with clear value and privacy safeguards, designers and brands could see new collaboration and licensing opportunities.
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