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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Tritiya Set to Do Business of Rs. 20000 Crore: Nirav Bhansali

Mumbai: IIJS Tritiya, the third exhibition under the IIJS banner, will make its debut at the Bangalore International Exhibition Centre (BIEC) in Bengaluru from 17th to 20th March 2023 – a month prior to Akshaya Tritiya, the auspicious gold jewellery-buying festival. Southern India is an under-explored jewellery market for B2B manufacturers. So when GJEPC organized IIJS Premiere show in Bangalore,

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DMCC to Host First Ever LGD Symposium in July

Dubai: DMCC will host the inaugural Lab-Grown Diamond (LGD) Symposium in Dubai. Set to take place on 10th July 2023, the symposium is seen as a timely and world-first opportunity to benchmark this nascent technology-driven industry’s unique challenges and remove barriers to growth. DMCC will convene global leaders in the lab-grown and technology space, including industry, retailers, financial institutions, governmental

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India’s G&J Exports Make Strong Recovery in Feb

Mumbai: India’s gem and jewellery (G&J) exports witnessed a resurgence in February, buoyed by the swift recovery of both the Chinese and Middle East markets. In February 2023, the overall gem & jewellery exports witnessed a surge of 24% to ₹28832.86 crores as compared to ₹23326.80 crores for the same period last year. In February 2023, the overall gross export

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Platinum Market Likely to be in Deficit: WPIC

London: After two years of significant surpluses, the platinum market is forecast to move to a material deficit in 2023, according to a report from the World Platinum Investment Council (WPIC). The change from the 776 koz surplus in 2022 to the forecast deficit of 556 koz in 2023 is over 1.3 Moz. This reflects total supply remaining close to

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Facets Diamond Conference Concluded

Gaborone: The government of Botswana and the Antwerp World Diamond Centre yesterday concluded the co-organised, two-day diamond conference, FACETS 2023, Motswedi Wa Khumo – Diamonds For Change, in the country’s capital, Gaborone. The conference, inaugurated by Botswana President Masisi, welcomed a host of delegates and industry stakeholders from across the globe, gathering to discuss the state of the diamond industry

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IDRIS ELBA Reveals Gold’s Untold Stories

Mumbai: World Gold Council (WGC) has announced the release of a new documentary: GOLD: A Journey with Idris Elba, created in partnership with Pioneer Productions. Immersed in adventure, Idris Elba (Luther, Beast of Nations, Hijack) explores the mysteries, stories and untold human relationship with our most precious metal: gold. As his journey unfolds, we’re taken around the globe as he conquers his

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PGI Collaborates with ESPNcricinfo for World Cup

Mumbai: The Cricket World Cup, officially known as ICC Men’s Cricket World Cup, is a grand celebration of sportsmanship and exceptional performance. For ardent cricket fans, it’s a spectacular event, and brands eagerly leverage it to enhance their visibility and significance. As a prelude to this high-octane cricket season, this year Platinum Guild International (PGI) – India’s Men of Platinum

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Exciting Themes for Artisan Awards 2024

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has unveiled two exciting and unconventional themes for the 7th edition of The Artisan Awards 2024: ‘Unusual Materials’ and ‘Objet Trouvé.’ These innovative themes promise to redefine artistic expression and inspire designers to think out-of-the-box and blend alternative and precious aspects to create avant-garde fine jewellery. The first theme, ‘Objet Trouvé’

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