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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Top News

Varda Shine is Interim Chair of Petra Diamonds

Lndon: Petra Diamonds has appointed Varda Shine, Senior Independent Director, as Chair of Petra with effect from the conclusion of its Annual General Meeting in mid-November. The previous Chairman Peter Hill CBE retired from the Board and decided not to offer himself for re-election. Shine, who has been a Non-Executive Director of Petra since 2018, will serve as the interim

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BSM Brasil on 14-15th May 2024

Sao Paulo, Brasil: Brasil already has a date for its next edition in the city of Sao Paulo, the largest economy in Latin America. The event takes place on May 14th and 15th, 2024 at the Marriott Renaissance Hotel with the expectation of maintaining the quality of Brazilian retail and wholesale visitors, adding businesspeople from other regions of South and

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Mr. Kirtilal Doshi Passes Away at 101

Mumbai: Mr. Kirtilal K. Doshi, former chairman of the Gem & Jewellery Promotion Council (GJEPC), Founding Chairman of the Gemmological Institute of India (GII), and a visionary leader of the Indian gem and jewellery industry, passed away peacefully in Mumbai on 20th November, 2023 at the age of 101. Mr. Doshi was a man of many achievements and contributions to

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IIJS Signature Attracts Int’l Buyers from Bahrain

Mumbai: The IIJS Signature team has successfully completed its first door-to-door campaign in Bahrain, inviting prominent retailers from the country to visit its upcoming show in Mumbai. At the popular India Pavilion within the Jewellery Arabia show, the team met, interacted and invited the leading retailers from Bahrain. The IIJS Signature team visited various jewellery hubs in Bahrain, including Bab

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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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