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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Gold Smuggling Arrests Jump 750% YoY in India

Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have

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‘Gold Investment Market and Financialisation’

Mumbai: World Gold Council (WGC) has announced the last chapter of their India Gold Market Series, titled ‘Gold Investment Market and Financialisation’. As per the report, India, recognised as one of the world’s largest gold bar and coin markets, possesses a thriving investment demand for gold. The allure of gold lies in its safe-haven appeal and the flexibility to convert

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JGA Hong Kong Ended with Success

HONG KONG: The Jewellery & Gem ASIA Hong Kong (JGA) successfully concluded its first big event since 2019 on 25 June, setting the stage for renewal and transformation as the industry undergoes a massive transition.  In a format similar to its pre-pandemic editions, JGA, previously known as the June Hong Kong Jewellery & Gem Fair, brought together 1,688 exhibitors from

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Platinum Leaders Shine at Season of Love Awards

Kochi: Building upon the resounding success of its previous five editions, Platinum Guild International (PGI) – India once again launched its annual flagship retail initiative, Platinum ‘Season of Love’ in 2023. This prestigious event witnessed participation from over 1650 stores and has become the pinnacle of achievement in the Indian platinum jewellery sector, celebrating excellence, creativity, and the limitless possibilities

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Reena Ahluwalia Unveils ‘Koh-i-Noor’ Painting

Toronto: Reena Ahluwalia has brought the legendary Koh-i-Noor diamond to life in a stunning artwork that pays homage to its rich history. For the first time ever, the Koh-i-Noor diamond has been faithfully interpreted on canvas by Ahluwalia, and the masterpiece has been immortalised as a digital art NFT on the blockchain. This groundbreaking fusion of art, jewellery history, and

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