International News
Trump signs order to extend China tariff deadline for 90 days AUGMONT BULLION REPORT
President Donald Trump’s assurance that gold imports will not face tariffs eased price concerns, pulling rates below $3,400. The decision averts a potential 39% duty on gold bars, while investors now await key US economic data for cues on the Fed’s rate path
President Donald Trump’s announcement on Monday that gold will not be subject to tariffs allayed concerns about a dramatic rise in the price of importing the metal, causing prices to drop below $3400.
- According to a previous US Customs rule, imported 1-kilogram and 100-ounce gold bars from Switzerland would have been subject to a 39% tariff, which would have also applied to bars from any other nation under the current US tariff rates.
- Separately, the president issued an executive order that gives the US a further ninety days to lift its high tariffs on Chinese imports.
- For hints on the Federal Reserve’s interest rate trajectory, investors are now turning their attention to this week’s major US economic data releases, such as the CPI, PPI, and retail sales.
Technical Triggers
After achieving the target of $38.5 (~Rs 115,000), Silver prices have retraced to $37.5 (~Rs 113,000). Next support is $37(~Rs 111,000)
After achieving the target of $3500 (~Rs 102,000), gold prices have retraced below $3400(~Rs 100,200) level. Prices are expected to consolidate for a while with a bearish bias towards $3350 (~Rs 98500)
| Metal | Market | Support Level | Resistance Level |
|---|
| Gold | International | $3350/oz | $3480/oz |
| Indian | ₹98,500/10 gm | ₹1,01,000/10 gm |
| Silver | International | $37.5/oz | $39/oz |
| Indian | ₹1,12,000/kg | ₹1,14,500/kg |
International News
DMCC Launches ‘DMCC FinX’ To bridge institutional capital, trade and technology
DMCC – the leading international business district that drives the flow of global trade through Dubai – officially launched DMCC FinX today during the 13th Dubai Precious Metals Conference (DPMC) at Atlantis The Palm. Bringing together more than 1,000 senior industry figures, the conference convened global leaders from precious metals, finance, policy and technology to examine the forces reshaping the future of the sector.

Held under the theme “The Future of Precious Metals: Tariffs, Tokenisation and Trade Flows,” DPMC 2025 explored the rapid transformation of global commodities markets as geopolitical realignment, emerging technologies and reconfigured trade corridors redefine how value moves worldwide. Discussions centred on the convergence of precious metals, digital assets and finance; the rise of tokenisation; and Dubai’s accelerating role as a centre of trust, transparency and innovation for the global gold and precious metals industry.
Keynote speeches were delivered by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, Ruth Crowell, Chief Executive of the London Bullion Market Association (LBMA) and global financial commentator Grant Williams. The conference featured senior representatives from leading exchanges, refineries, bullion banks and regulatory bodies, including the World Gold Council, the Shanghai Gold Exchange, CME Group and the UAE Ministry of Economy. Panel sessions explored the realignment of global trade flows, the harmonisation of international standards, responsible sourcing in artisanal mining and the evolving role of bullion banks in a multipolar economy.

One of the headline announcements of the day was the formal launch of DMCC FinX – a strategic expansion designed to connect capital market participants, trade finance professionals and fintech innovators with DMCC’s rapidly growing community of more than 26,000 companies. Built on DMCC’s established financial and commodities infrastructure – including the Dubai Gold & Commodities Exchange (DGCX), its central counterparty and clearinghouse the Dubai Commodities Clearing Corporation (DCCC), DMCC Crypto Centre, DMCC Tradeflow platform, and key industry partnerships with regulatory players such as the Dubai Virtual Assets Regulatory Authority (VARA) – DMCC FinX will bridge real-world commerce, capital markets and digital assets, reinforcing Dubai’s position as a global hub where finance and trade intersect
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