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

Surat Diamond Bourse is World’s Biggest Office Building

Surat: The vast new Surat Diamond Bourse (SDB) – stretching across nine 15-story towers – has become the biggest office building in the world.It has over 7.1m square feet of floor space, compared with just over 6.6m at the Pentagon, HQ of the US Defense Department. The bourse, built at a cost of $388m, is due to be officially opened by

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Sparkle International G&J Exhibition in August

Surat : The Southern Gujarat Chamber of Commerce and Industry (SGCCI) is set to host the highly anticipated ‘Sparkle International Gems and Jewellery Exhibition 2023’ at the prestigious Indoor Stadium in Athwalines, commencing from August 25. This three-day extravaganza promises to showcase the finest jewellery pieces from over 35 renowned brands, drawing visitors from all corners of the globe. The exhibition

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Mubri Organizes BSM: Brazil on the World Stage 

Sao Paulo (Brazil): On the 11th and 12th of August, the expected international event BSM (Buyer Seller Meet) Brasil 2023 will take place in Sao Paulo city bringing top leading diamond and jewelry manufacturing companies  coming from India to meet and make business with the biggest retailers and wholesalers from the South American country. The goal, in addition to Brazilian companies

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Manushi Chhillar is Brand Ambassador of GJEPC

Nrew Delhi: The Gem and Jewellery Export Promotion Council of India (GJEPC), apex trade body promoting Indian gems & jewellery exports, globally, organised the India Evening (An Evening of Extravaganza) in New Delhi inviting distinguished Ambassadors, High Commissioners, trade diplomats representing several countries from across the world along with leading Ministry officials and trade fraternity. Dr. Rajkumar Ranjan Singh, Union

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Narendra Modi, Vipul Shah Named Most Influential People in Diamond Industry

Mumbai: The world’s most influential and most read diamond-focussed publication ‘Rapaport’ named Hon. Prime Minister of India Mr. Narendra Modi among the movers and shakers of the global diamond industry in the year 2023. Other members including Mr. Vipul Shah, Chairman of Gem & Jewellery Export Promotion Council (GJEPC); Gina Drosos, CEO, Signet Jewelers; Feriel Zerouki, president, World Diamond Council

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Mah. Minister to Inaugurate IIJS Signature

Mumbai: In a major boost for the jewellery industry, Mr. Uday Samant, the honourable Minister for Industries, Government of Maharashtra, has confirmed his participation as the Guest of Honour for the inauguration of IIJS Signature 2024 on 5th January 2024 at Bombay Exhibition Centre (BEC). The announcement was made after a productive meeting between Mr. Samant and the representatives of

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Statement by IDMA: Leave No One behind!

Antwerp: “At this pivotal moment for the global diamond industry, it is vital that we protect the lives and livelihoods of all those employed in the mining and manufacturing of diamonds,” IDMA President Ronnie VanderLinden said. “We are pleased that the G7 will seek further engagement with diamond industry organizations such as the World Diamond Council (WDC) and IDMA, to

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De Beers Rough Sales Rise to $130 Million

Gaborone: De Beers said its rough diamond sales for the tenth and final cycle of 2023 showed a sharp decline from the previous year. According to the company, the provisional sales value for the period between 9th November and 19th December was $130 million. This is a 69% drop from the $417 million recorded in the same cycle of 2022,

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