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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
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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Gemfields CEO to Step Down: Ruby Auction Fetches $23.1 Mln.
London: Gemfields Group recently announced that its CEO Mr. Sean Gilbertson will step down by mutual agreement on 15 July 2026, with Chief Financial Officer Mr. David Lovett appointed Interim CEO while retaining his current role. The Board has begun the process of identifying a permanent successor. The announcement coincided with the results of Gemfields’ inaugural Trade Select ruby auction,
GJC Calls for Balanced Policy & Consumer Friendly Reforms
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) released yesterday its half‑yearly review of the gold and silver market for 2026, noting that the first six months of the year were marked by historic peaks in bullion prices, followed by corrections that reshaped consumer sentiment and industry outlook. The Council emphasized that taxation changes, customs duty hikes, and global geopolitical
Two New Gold & Silver Vending Machines Launched in Mumbai
Mumbai: Aspect Bullion & Refinery, the pioneer behind India’s first-ever Gold & Silver Vending Machine, has launched two new vending machine installations in Mumbai this June. This expansion marks another significant milestone in the company’s mission to make buying gold and silver more accessible, seamless, and convenient through an innovative, secure, and hassle-free purchasing experience. A vending machine was launched at
IIJS Bharat Premiere 2026 Crosses 25,000 Registrations
Mumbai: IIJS Bharat Premiere 2026 surpassed 25,000 visitor registrations, marking a strong response from the domestic and international jewellery trade. In view of the milestone, GJEPC has extended the Phase 1 visitor registration deadline to 10 July 2026, giving buyers and trade visitors additional time to register at the current rates before the next pricing phase. IIJS Bharat Premiere 2026,
De Beers Launches Auction Platform for Polished
Gaborone: De Beers launched an online trading service that enables third parties to sell polished diamonds to other businesses on the miner’s existing auction platform. The pilot service is targeted at single stones weighing more than 5 carats or those with a fancy color, the company said. The initiative, open to midstream industry members, represents an expansion of a rough
India’s Gold Imports Down by 55% in H1
New Delhi: Gold imports dipped by about 55 per cent to $7.88 billion during the first half of 2016-17, which is expected to keep a lid on the current account deficit, reports The Economic Times. The sliding prices of the precious metal in global and domestic markets are seen to be at work. Gold imports stood at $17.42 billion in
India Tightens Norms of Gold Imports
New Delhi: India’s Director General of Foreign Trade (DGFT) has tightened norms for export houses to import gold in their capacities as nominated agencies. The public notice to this effect issued by the DGFT has said that for getting permission as a nominated agency for importing gold for domestic purpose, only exports from domestic tariff areas would be counted and
US Fed Keeps Interest Rates Unchanged Again
The Federal Reserve left interest rates unchanged Wednesday, six days before Americans choose a new president, but hinted again that it would likely raise rates soon. The Fed said that the case for rate hike has ‘continued to strengthen’ but that it had decided to wait for further evidence of progress toward its objectives. Most analysts and investors expect a
