Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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GJF Launches Monthly ‘G&J Times’

Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6th edition of its signature GJF NITE 2014 in Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM,

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India to Continue Gold Import Curbs

New Delhi: Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked. “Each step is being continued…efforts are being made to continue each of these

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IGI Announces Mobile App, Jaipur Lab

Mumbai: The International Gemological Institute (IGI) launched its new consumer mobile application for Android/iOS titled “my Diamond my Jewelry” at the India International Jewellery Show (IIJS) in addition to offering a live grading lab. During the show, IGI also detailed the opening of its next grading laboratory and education institute in Jaipur that will cater to the Rajasthan and North

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AWDC Participates in the Mine Entra Fair

Antwerp: The Antwerp World Diamond Centre (AWDC), the world leader in diamond trade, participates in the Mine Entra exhibition in Zimbabwe for the first time. “Now that the European sanctions are lifted, the way is open for intensive collaboration between Zimbabwe and the main commercial center for diamonds,” said Ari Epstein, CEO of the Antwerp World Diamond Centre. 84% of

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2% Increase in De Beers' Diamond Prices

Gaborone: De Beers put up prices of its rough stones for the first time in more than a year as it detects rising demand for its goods. The miner raised prices by up to 2% at its latest sight taking place this week, according to three people familiar with the process cited by Bloomberg Business. The value of the sale

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GJEPC Meets India’s Commerce Minister

New Delhi: A meeting was held under the chairmanship of Smt. Nirmala Sitharaman, Hon’ble Minister of State (Independent Charge) for Commerce & Industry on 5th April, 2016 to address the current challenges faced by various export industries. The meeting was attended by representatives of the various Export Promotion Councils and related associations who made representations on the support expected from

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Israel to Hold 3rd IRDW from 22nd May

Ramat Gan:  Israel stands to boost its international status as a rough diamond trading center with the third International Rough Diamond Week (IRDW) to be held May 22 – 26, 2016. The Israel Diamond Exchange (IDE) expects this event to attract a record number of international buyers as well as hundreds of Israeli diamond manufacturers. The rough diamond week will

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Brazilian Officials Learning from Antwerp Industry

Antwerp: Fourteen officials from the Brazilian Ministry of Mines and Energy are following a rough diamond training course provided by the Antwerp diamond industry over a period of two weeks. The objective of the course is to ensure that Brazil is able to apply the strict requirements of the Kimberley Process properly. Brazil has a great many potential diamond mines.

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