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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Bharat Diamond Week Opened

Mumbai: 5th edition of “Bharat Diamond Week” (BDW) organized by Bharat Diamond Bourse (BDB) opened with International dignitaries from Angola, Botswana and buying delegation from over 6 economies along with Indian buyers visiting the Exhibition. In spite of the current volatile situation, BDW the “only Diamond and Diamond Jewellery” exhibition saw encouraging participation from buyers. The Bharat Diamond Week 5th

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India Gem and Jewellery Show Inaugurated

Mumbai: Honourable Governor of Maharashtra, Ramesh Bais, inaugurated the Indian jewellery industry’s most-awaited all-purpose event, India Gem and Jewellery Show (GJS), in a glittering ceremony held at the prestigious Jio World Convention Centre, Mumbai, on Saturday, 30th September 2023. The guest of honour for this Diwali edition of GJS event was Mr. Suvankar Sen, MD and CEO of Senco Gold Ltd,

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GJEPC Hosts Gem & Jewellery BSM

Mumbai: India’s Gem and Jewellery Export Promotion Council of India (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, organised the Gem and Jewellery Buyer Seller Meet (BSM) at ITC Grand Maratha, Andheri, Mumbai, on September 29th and 30th, 2023. This event is specifically designed to cater to international buyers from the U.S., the U.A.E., Egypt, Germany,

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G7 Delegation Ends India Diamond Ind. Visit

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) welcomed a high-level G7 delegation that came to India from 27th to 29th September 2023. The delegation comprised members from the U.S. State Department, U.S. Department of Treasury, European Commission, Prime Minister’s office of Belgium, Foreign Trade Department of Belgium, and the Japan Embassy in India.  The delegation visited Mumbai and

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Cleaver Quitting from all Roles of De Beers

Gaborone: Bruce Cleaver is stepping down from his remaining roles with De Beers, after quitting as CEO last February. He will no longer serve as co-chairman of the De Beers’ board of directors and is resigning from the board of Element Six, its lab grown company. “The focus of Bruce’s role on these boards was to enable a smooth transition

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Platinum Jewellery Shines at Golden Globe Awards

Mumbai: The 2024 awards show season kicked off in high gear with Hollywood’s most notable celebrities opting for a stunning array of jewellery designs set in platinum at the 81st Annual Golden Globe Awards. The luxurious and timeless metal is the perfect fit to complement couture dresses and custom suits. Overall, there was a return to classic Hollywood glamour with sophisticated

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India Gold & Jewellery Summit 2024

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) in association with the World Gold Council (WGC) has organized ‘India Gold & Jewellery Summit 2024’ in New Delhi’s Bharat Mandapam on 23rd & 24th January 2024. India’s Minister for Commerce & Industry Mr. Piyush Goyal is expected to be the Chief Guest of the event. The two-day will be

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DMIA to Launch Diamond Screening & Verification Lab

New York: The Diamond Manufacturers & Importers Association of America (DMIA) will hold a special member meeting to announce the launch and opening of the DMIA Diamond Screening and Verification Laboratory and the collaboration between DMIA and the International Gemological Institute (IGI) to develop a same-day diamond verification service. The event will be held at 12:00 noon on Wednesday, January

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