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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
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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Free AI-Powered Price Calculator App by UNI Diamonds
Tel Aviv: UNI Diamonds, a fintech company that is fast developing into one of the most dynamic new service providers in the international diamond trade, has announced the release of a Diamond Price Calculator app, which enables its users to quickly and conveniently obtain an up-to-date price estimate for a diamond, based on the stone’s 4Cs (Carat, Cut, Color and
The First Ever IIJS Virtual by GJEPC Kicks off
Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery, today inaugurated the first ever India International Jewellery Show, IIJS Virtual 2020, powered by GIA. GJEPC has organized IIJS for 38 editions, however due to pandemic the physical trade show has been transformed to a complete virtual experience for exhibitors as well as
GJEPC Invites Entries For The Artisan Awards 2021
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) announces the launch of the 4th edition of The Artisan Awards, country’s premier jewellery design competition. The prestigious jewellery design awards invite designers from India and overseas to send in their entries to showcase their excellence and innovation in jewellery design. The main theme for the 2021 edition is Reinventing Vintage.
PGI Partners with Oxfam to Uplift Lives OF Workers
Mumbai: The COVID19 situation has caused unprecedented challenges in India as well as globally and has left many reeling from its impact. It has been particularly harsh on certain marginalized sections of our community such as the migrant workers. Taking a step towards helping the migrant workers, Platinum Guild India has joined hands with Oxfam India, launching the “Platinum Season of Hope”
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
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
