With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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Top News

Hardest Synthetic Diamond Ever Made Unveiled

Beijing: Chinese researchers from Yanshan University have created a synthetic diamond harder than its natural counterpart and able to withstand even hotter temperatures, according to a report published in mining.com The team, led by Yongjun Tian, says the new form of diamond could be used to make superior cutting or crushing tools, capable of operate under very extreme conditions. The

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'Presidents Forum' Formed

Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.

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First Texas-Israel Diamond Show in September

Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique

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India Hikes Import Tariff Value on Gold, Silver

New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at

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G&J Exports Ind. an Example of Aatmanirbhar Bharat

Mumbai: The Gem and Jewellery Export Promotion Council (GJEPC), the apex body for promotion of gems and jewellery exports has proposed several measures as part of recommendations to the Ministry of Finance for the upcoming Union Budget for the fiscal year 2021-22. The officials of GJEPC have met the Finance Minister and made their representations recently. Some of the major

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CIBJO Stresses Covid-Impact in Developing Nations

Milan: CIBJO, the World Jewellery Confederation participated in a special session of the United Nations (UN) General Assembly, which took place in New York on December 3 and 4, 2020, looking at the impacts of the COVID-19 pandemic on people, societies and economies, and discussing the multifaceted and coordinated response required to address the crisis. CIBJO was invited to participate

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India Invited to Invest in Diamond Mining in Angola

Mumbai: India Embassy in Angola, The Gem and Jewellery Export Promotion Council of India (GJEPC) and Angola-India Chamber of Commerce, jointly organised the India Global Connect – Angola on 3rd December 2020. This platform gave an opportunity for representatives from both the countries to share and understand how they can enhance their trade relation further. The Indian panellists included Srikar

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Platinum Days of Love Launches New Campaign

Mumbai: 2020 has been a year like none other! And all the challenges of it, put love to the test. While for some, being locked in with their loved ones, presented its own troubles, others had to put their relationship through the test of a long-distance separation and patiently wait to be together again. The hurdles that love has had

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