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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
Diavik Gets TSM Excellence Award
Perth: Rio Tinto’s Diavik diamond mine has been awarded the Towards Sustainable Mining (TSM) Environmental Excellence Award for its solar power plant, the largest off-grid solar installation in Canada’s territories. Activated in July last year, the 3.5-MW facility features 6 620 bi-facial panels and is designed to meet up to 25% of the site’s power needs during closure, which is
Jewellery Industry Unites to Protect Consumer Confidence
Milan: In a landmark move for the jewellery sector, the World Jewellery Confederation (CIBJO) has launched a four-month public consultation for The Blue List: The Responsible Jewellery Supply Chain Lexicon. This initiative marks the culmination of a collaborative effort spanning more than three years to establish a globally harmonized glossary of responsible sourcing and sustainability terminology for the jewellery, gemstone
Tariff War: U.S. Jewellery Industry at Risk
New York: World Diamond Council (WDC), the U.S. based organization representing the international natural diamond value chain, acknowledges the U.S. Government’s emphasis on fair and reciprocal trade and advocates for policies that support strengthening American manufacturing to deliver tangible benefits to U.S. businesses, workers and consumers. In this spirit, the WDC respectfully urges the U.S. Administration to consider granting a
Surging Gold ETFs Fuel Q1 Demand
Mumbai: The World Gold Council’s (WGC) Q1 2025 Gold Demand Trends report reveals total quarterly gold demand (including OTC ) was 1,206t, a 1% increase year-on-year, in a record high price environment, in which gold surpassed US$3,000/oz. The gold ETF revival fuelled a more-than doubling of total investment demand to 552t, a 170% year-on-year increase and the highest since Q1
Stanchart Tightens Loan Terms to Diamond Sector
London: Standard Chartered’s push to bring some sparkle back to its performance has led the emerging markets bank to tighten its terms for lending to the diamond sector, reports Financial Times. The London-listed bank has asked diamond dealers to provide more collateral or to take out insurance protection on their loans, without which they will have to pay higher interest
CIBJO Launches New Main Website
Milan: CIBJO, the World Jewellery Confederation, has launched a new main website. Located on the web at www.cibjo.org, it represents a technological upgrade from its predecessor, providing users with more information about the organization and the jewellery sector, as well as improved functionality. The launch of the website is the first stage of a three-part upgrade of CIBJO’s online presence,
AGTA Spectrum Awards Postponed to Summer
New York: The American Gem Trade Association (AGTA) announced that it has decided to move its annual design competition, the AGTA Spectrum Awards to July. AGTA CEO Douglas K Hucker, said that the organization had taken the decision to move the awards for the benefit of designers and manufacturers, so that it would not interfere with the holiday selling season.
Argyle Pink Diamond Jewellery in Japan
Tokyo: In a spectacular collaboration of craftsmanship and couture Rio Tinto’s Argyle Pink Diamonds have partnered with esteemed Japanese bridal house, Hatsuko Endo, to showcase the finest in beauty and romance from Australia and Japan. Hatsuko Endo’s exquisite collection of international designer wedding gowns was paired on the runway in Tokyo with bespoke Argyle pink diamond jewellery, created by some
