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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
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
Top News
GJEPC Hosts Design Training Program
Mumbai: The Bharat Ratnam Mega Common Facility Centre (Mega CFC) at SEEPZ-SEZ, Mumbai, witnessed the inauguration of the much-anticipated Design Training Program by Mr. Guido Persico on 16th June. The initiative, launched by India’s Gem & Jewellery Export Promotion Council (GJEPC), aims to nurture next-gen jewellery design talent in India’s premier export hub. Mr. Dnyaneshwar Patil, Development Commissioner, SEEPZ-SEZ, graced
GJEPC Hosts Virtual Briefing on GCC Design Lab
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), along with its knowledge partner, the UAE-based World Academy of Design (WAOD), hosted an engaging virtual introductory session to unveil a unique cross-cultural initiative titled GJEPC x GCC Design Lab: Co-Creating for SAJEX. Ms. Dolly Choudhary, Director of Promotions & Marketing, GJEPC, opened the session by outlining the objectives of this special
GJEPC to Participate in Meeting on Natural Diamond Promotion
Luanda: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the Indian gem and jewellery industry, will be participating in the Ministerial RoundTable on Natural Diamond Promotion, scheduled to take place on 18 June 2025 in Luanda, Angola. Representing India at this prestigious global forum will be Mr. Shaunak Parikh, Vice Chairman, GJEPC, and Mr. Sabyasachi Ray, Executive Director, GJEPC. Their
GJEPC Employees Embrace Hindi in Nationwide Language Competition
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) conducted a special programme to encourage greater use of Hindi among its employees on 12 June. As part of this initiative, a Hindi Sentence Formation and Translation Competition was organized across various GJEPC offices. The objective of the contest, organised by the Council’s Rajbhasha (Official Language) Department, was to motivate employees to use
UAE for Standardization of Rough Prices
Dubai: Kimberley Process (KP) chairman UAE has sponsored an initiative aimed at standardizing rough diamond prices, due to be launched later this year, according to a report in The National. It comes as a response to NGO criticism of transfer mispricing practices in the diamond trade, which have allegedly deprived diamond producer states of tax revenue. “We feel that should
Alrosa to Open Vladivostok Branch
Moscow: The ALROSA Supervisory Board has approved the recent decision to open a branch in Vladivostok, as the company seeks to capitalize on rough and polished trade with the Asia-Pacific region. It is thought that the decision will pave the way for the creation of a Russian Diamond Centre in the Primorye Territory. The Vladivostok branch will be responsible for
Petra Sells Exceptional Pink Diamond for $15m
Dar Es Salaam: Petra Diamonds says it has recently recovered what it describes as an “exceptional” 32.33 carat pink diamond from a mine in Tanzania and has sold it for $15m, which equates to a price of $463,965 per carat. The diamond was bought on behalf of Israel-based diamond manufacturer, M.A. Anavi Diamond Group. Petra said it has also retained
Moscow Exch, ALROSA Discussing Diamond Sales
Moscow: Russian News Agency TASS reports that the Moscow Exchange is interested in developing the exchange trade in diamonds and is considering a relevant proposal made by the Russian diamond producer Alrosa, Chief Executive of the Exchange Alexander Afanasyev said on Thursday on the sidelines of the congress of the Russian Union of Industrialists and Entrepreneurs. “We are discussing this
