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 to Hold 4 Seminars at Sep. VICENZAORO

Milan: CIBJO’s popular Jewellery Industry Voices webinar and seminar series will continue at the VICENZAORO show in Vicenza, Italy, with four hybrid seminars – in person at the Palladio Theatre at the Fiera di Vicenza exposition centre, and simultaneously live streamed. They will take place on Sunday, September 8, 2024.   The event is being hosted by the VICENZAORO organizer, the

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ALROSA Closes its Trading Office in Antwerp

Antwerp: ALROSA has declared bankruptcy of its Belgian trading division, Alrosa Belgium NV in Antwerp. According to the Belgian edition l’Echo, in mid-June the supervisory board of the company recommended termination of participation in the Belgian trading division of Alrosa Belgium through bankruptcy. “The representative office of the Russian company ALROSA in Antwerp, Belgium (Alrosa Belgium), was closed after the

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10th IRGSS Inaugurated in Jaipur

Jaipur: The 10th Edition of the India Rough Gemstones Sourcing Show 2024 (IRGSS), organized by the Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated on 27th August in Jaipur by Mr. Neeraj Dubey, Additional Commissioner of Customs, Jaipur in the presence of Mr. K. M. Meena, Assistant Commissioner of Customs, Air Cargo Complex (ACC), Jaipur, along with key industry representatives.

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Jemimah Rodrigues & Nithyashree Venkataramanan Evara’s New Collection

Mumbai: In today’s world, young women are redefining strength, celebrating their unique journeys, and embracing every facet of their identity with pride. They are crafting their own stories, setting their own standards, and marking each milestone on their path.In the latest campaign for Platinum EVARA, Jemimah Rodrigues and Nithyashree Venkataramanan shine as they share their top platinum jewellery picks for the season.

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Ind-Ra Maintains Stable Outlook on G&J

Mumbai: India Ratings and Research (Ind-Ra) has maintained a Stable Outlook for gems and jewellery exporters as well as retailers for FY16. However, it expects retailers to outshine exporters. Exporters are likely to register muted revenue growth of 3%-5% as global demand is exhibiting mixed signals, with the US and China showing improving and declining trends, respectively. Average industry EBITDA

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Istanbul Chamber of Jewelry and WJH sign MOU

Istanbul: The Istanbul Chamber of Jewelry (IKO), a leading jewelry trade organization in Turkey, and the World Jewelry Hub, the first dedicated business center in Latin America for the diamond, colored gemstone and jewelry sectors, have concluded a Memorandum of Understanding, according to which the two sides will cooperate in the growth and development of the jewelry industries and markets

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Platinum Evara Launched at Jos Alukkas, Hyderabad

Hyderabad: The newlywed beautiful Bollywood actress Dia Mirza comes back to her hometown, Hyderabad with her husband, Sahil Sangha to receive blessings of everlasting love from her mother Deepa Mirza. The couple celebrated their vows of love and the mother Deepa Mirza showered blessings on them with Platinum Evara jewellery at the Jos Alukkas store in Hyderabad. The couple also

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Israel's Leaders Call for Reduced Rough Supply

Tel Aviv: Major rough diamond producers should reduce rough sales to help bring stability to the diamond pipeline, according to industry leaders in Israel, cited by Rapaport News portal. Shmuel Schnitzer, the president of the Israel Diamond Exchange (IDE), and Jacob Korn, the president of the Israel Diamond Manufacturers Association (IsDMA) expressed their support for restoring profitability to the diamond

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