International News
Vicenza Expo Centre’s expansion is progressing
The new heart of Italian Exhibition Group’s (IEG) Expo Centre in Vicenza is starting to take shape. Six months after laying the foundation stone, the construction site is now displaying the first outer walls of the 22,000-square-metre two-level building, designed by pre-eminent architect Volkwin Marg from Hamburg-based Studio GMP. The timeline set by IEG for the development work at its Vicenza premises is progressing perfectly to schedule in accordance with the announced timetable and is preparing to enter a new phase: by the end of June, assembly work on the impressive prefabricated body, which will be positioned inside the outer walls currently under construction and already partly visible, will begin.
At the September 2025 edition of Vicenzaoro, buyers and exhibitors will see further progress in the architectural work, while construction will continue alongside the event with no interference whatsoever, just as at the last two editions.
In conjunction with Vicenzaoro September 2025, the entire outer shell will be practically complete. The outer walls will have been finished and the prefabricated building will be nearing completion. The latter will be an imposing architectural structure that will significantly change the area’s look. By that time, visitors and stakeholders will be able to see the potential of a fully renovated Expo Centre.»
In the months following the next edition of IEG’s leading international gold and jewellery trade show, work will continue with plant engineering installations and finishing works. In accordance with the announced time schedule, the works are expected to be complete by the end of next spring in time to assemble the fittings and guarantee the full use of the new exhibition areas for Vicenzaoro September 2026.
International News
Precious Metals Bounce Back As Iran Ceasefire Hopes Rise, But Fed Rate Fears Loom: AUGMONT BULLION REPORT
Gold Remains Under Short-term Pressure from Expectations of Fed Tightening and a Strong Dollar. However, Investor Positioning in Gold Looks Relatively Light After Months of ETF Outflows.
Price Movement – Gold has bounced back from its key support levels near $3960, and Silver has recovered from $55, after an Iranian official reportedly received a proposal for a 10-day ceasefire. The continuing US-Iran standoff has kept investors worried about energy-driven inflation and the possibility of further rate hikes. Markets are now pricing in an 83% chance of a US rate hike in December, up sharply from 73% just a week earlier, based on the CME FedWatch tool.
Geopolitical Tensions – Despite the Houthis announcing fresh military action, both Tehran and Washington appear keen to restart talks and stop the escalating attacks that have nearly destroyed a fragile interim agreement reached last month. A senior Iranian official told Reuters on Monday that mediators had proposed a 10-day ceasefire, aimed at rescuing the interim deal and eventually leading to a lasting peace agreement.
Macro-Economic Signals – Gold remains under short-term pressure from expectations of Fed tightening and a strong dollar. However, investor positioning in gold looks relatively light after months of ETF outflows, meaning further price drops may be limited. Strong physical demand, especially from China, along with continued central bank buying, is providing solid support to the gold market.
Technical Triggers
If Gold fails to hold above $4,000 (~Rs.1,41,000), it could slide further to $3,900 (~Rs.1,38,000). But if it manages to stay above $4,200, a fresh rally could take it toward $4,500 (~Rs.1,55,000).
For Silver, a strong move above $63 (~Rs.2,35,000) could push prices toward $70–71 (~Rs.2,51,000–2,55,000). On the other hand, a fall below $55 (~Rs.2,14,000) may drag it down to $50 (~Rs.2,00,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $3900/oz : $4160/oz : Rs 137,000/10 gm : Rs 147,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $55/oz : $63/oz : Rs 214,000/kg : Rs 235,000/kg |
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