Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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IIJS Premiere to be Organized in Bengaluru this Year

Mumbai: The Gem & Jewellery Export Promotion Council’s (GJEPC) flagship trade show, the India International Jewellery Show (IIJS) Premiere 2021, is being organised in physical form for the first time after the onset of the COVID-19 pandemic – from September 15 to 19, 2021. It will also be the first time that the show will be held outside Mumbai, in Bengaluru at the Bangalore

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GJEPC & WGC Launch Jewellery Campaign

Mumbai: The World Gold Council (WGC) today unveiled a multi-media campaign in partnership with Gem & Jewellery Export Promotion Council (GJEPC) to increase awareness, relevance and adoption of gold jewellery amongst young Indian consumers. The integrated campaign that will be rolled out in two phases through 2021, aims to attract millennials and gen-Z by building a meaningful context of role of

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Arnon Juwal Elected Chairman of IDI

Ramat Gan: The Board of Directors of the Israel Diamond Institute (IDI) yesterday elected Arnon Juwal as Chairman for a three-year term. Juwal replaces Yoram Dvash, who resigned the position last week. Arnon Juwal, a second generation diamantaire, is a partner in S.Juwal & Co., which was founded over forty years ago by his father, and which conducts business throughout

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De Beers Consolidates Leadership of Jewellery Houses

London: De Beers Group yesterday announced that Nancy Liu, CEO of De Beers Forevermark, has decided to leave the business and Céline Assimon, currently CEO of De Beers Jewellers, will expand her role to lead both jewellery houses. In her expanded capacity Céline will continue to report to Stephen Lussier, Chairman of both jewellery houses, and will shape a coordinated

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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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