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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SSEF to Introduce Chemical Analysis System

Basel: The Swiss Gemmological Institute SSEF has become the first gem laboratory worldwide to introduce into its facility the ground-breaking GemTOF instrument, which conducts chemical analysis through laser ablation, thereby providing more information about the origin of a variety of gems, as well precisely identifying a range of other elements in coloured gemstones, diamonds and pearls. Considered a next-generation elemental

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WFDB Reiterates Position on Synthetics

Antwerp: World Federation of Diamond Bourses (WFDB) President Ernie Blom has reiterated the organisation’s position on the issue of synthetic diamonds, while also emphasising the importance of ensuring artisanal miners are better rewarded. Blom was speaking at panel discussions as part of the Plenary meeting of the Kimberley Process Certification Scheme (KPCS) which is taking place in Dubai, UAE, this

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IDE Invites Diamond Tech Co.s to Take Part in IDWI

Ramat Gan: The Israel Diamond Exchange (IDE) is reaching out to diamond technology companies around the world to invite them to exhibit at DiamTech, which will take place during the International Diamond Week (IDWI) from February 13 – 16, 2017. As in past years, at DiamTech, technology companies and high-tech service providers will be able to present their latest innovations

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Forevermark India Presents Pink Haze Collection

Mumbai: Highlighting the exquisite brilliance of a diamond, Forevermark India presents a jewellery collection that will trend as the cocktail pieces this wedding season. This delicate-yet-playful collection, coined as the Pink Haze, shines with Forevermark diamonds encased in magical rose gold. The essence of this collection is the ingredient of the diamond which is beautiful, rare and responsibly sourced. It

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