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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CIBJO Special Report on Precious Metals

Milan: As the countdown to the 2024 CIBJO Congress in Shanghai continues, the third pre-Congress Special Report has been released. Prepared by the CIBJO Precious Metals Commission headed by Vaishali Banerjee, Managing Director of PGI India, the report offers a comprehensive analysis of the gold, platinum, palladium, and silver markets over the past year. The group of precious metals showed

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India’s Imports of Russian Diamonds Increased

New Delhi: India’s imports of Russian diamonds have increased during January-June 2024 by 22% year-on-year to 4.1 million carats, according to the official data of the Indian Ministry of Commerce and Industry. In June, Russian exports amounted to 347,620 carats, which is almost 32% more than in June last year. In six months, most of the supplies, about 77%, accounted

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Gems Keep Giving Relaunches with New Board

New York: Gems Keep Giving (GKG), an International Colored Gemstone (ICA) industry initiative that supports communities in artisanal colored gemstone mining and cutting communities, has recently reorganized, appointing a new board and Chair. Securing its stature as an independent, not-for-profit (501-C3) charitable organization, Gems Keep Giving newly elected Board members are Hayley Henning (Chair), Damien Cody, Clement Sabbagh, Ruth Benjamin-Thomas, Brian

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Augmont Gold For All Wins Top Honours

Mumbai: Augmont Gold For All, one of India’s largest fully integrated Gold-Tech companies, announced its double victory at the India Gold Conference 2023-24. The company has secured two of the industry’s most prestigious awards: Leading Gold Bullion Refiner (All-India) of 2023-24 and Innovative Digital Gold Player of 2023-24. These accolades underscore Augmont’s dominance and pioneering spirit in the gold market. The

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GJSCI-GJNRF Fund Training of 50 Microsetters

Mumbai: The pandemic has witnessed major migration of individuals who have been, some of the worst hit. There are innumerable stories that one would have come across during the last year and half. Most of the skilled artisans that are employed in the jewellery industry hail from states like West Bengal, Tamilnadu, Odisha, Rajasthan, etc. Due to uncertainty, these migrant

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GJEPC Announces Theme for Artisans Awards 2022

Mumbai: After a successful edition of the Artisans Awards 2021, GJEPC announced its next at the IGJS 2021 in Dubai. The Collectors’ theme is further divided into 3 categories: Elizabeth Taylor, Barbara Hutton and Wallis Simpson The Gem & Jewellery Export Promotion Council (GJEPC) launched the theme of the 5th edition of Artisans Awards – “The Collectors” at a networking

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Second Edition of the Season of Hope Launched

Mumbai: After the success of last year’s retail initiative ‘Season of Hope’, Platinum Guild India (PGI) has launched the second edition of the month-long initiative from 8th October 2021 – 7th November 2021. Platinum’s Season of Hope will spread out to 1370+ retailers across the country ushering in the all-important festive and wedding season. As consumers transition into the new

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IGJS Kickstarted in Dubai

Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully kickstarted the International Gem & Jewellery Show (IGJS) 2021 in Dubai yesterday at the Grand Hyatt. It is the first ever gem and jewellery physical event hosted internationally, since the onset of pandemic. The show was inaugurated by His Excellency Pavan Kapoor, Ambassador of India to UAE along with Mr.

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