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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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GJEPC to Hold Uncut 2020 Workshop Series
Mumbai: Dr. Parag K. Vyas, an IITian and a pioneer in the field of jewellery designing and technology with years of training experience in companies like Titan, and with numerous workshops under his belt, will hold a series of five workshops and training sessions organised by the GJEPC. Over these 5 days, the following topics will be covered: Nomenclature &
Malca-Amit is ‘Authorized Shipper’ on Get Diamonds
Antwerp: Malca-Amit, the international logistics and shipping company serving the diamond, jewelry and watch industries, has become an ‘Authorized Shipper’ on Get Diamonds and is offering a special benefit program for platform members. Get Diamonds, owned by the World Federation of Diamond Bourses (WFDB), is the largest B2B diamond online trading platform, with 1.3 million stones worth over $5.7 billion.
DIB Offers Services to Diamond & Jewellery Sectors
Puerto Rico: Digital International Bank (DIB), an international financial entity headquartered in the U.S. territory of Puerto Rico, has announced that it will begin offering services internationally. Among the clientele it will be catering to are companies and individuals involved in the diamond and jewelry industries. According to a spokesperson, banking services will initially include account management, the international transfer
United Nations Publishes CIBJO Statement
Milan: The Office of the United Nations (UN) Secretary General has announced the publication of statements delivered by NGOs affiliated to the UN Economic and Social Council (ECOSOC), for the High-Level Political Forum on Sustainable Development that is currently taking place. Only 179 statements from the more than 5,400 NGOs affiliated to ECOSOC were published, and among them was the
India May Increase Duty on Synthetics to 10%
New Delhi: The government may increase the import duty on man-made diamonds to 10 per cent in order to remove the price differential with natural diamonds which encourages some jewellers to “cheat the customers”, reports The Indian Express. Simultaneously, it could abolish the customs duty on cut and polished gem stones as these can be re-exported at higher value. The
Pre-Budget Recommendations by GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has urged Union Finance Minister Shri Arun Jaitley to abolish 80:20 rule for gold import, which allows only the nominated agencies to import gold on the condition that 20 per cent
"Be Sensitive To Festival Dates": WFDB
Antwerp: The World Federation of Diamond Bourses (WFDB) is calling on international trade fair organizers to “be sensitive to dates” when scheduling events so they don’t fall on religious festivals and thus prevent some industry members from taking part. “The fast expanding number of trade shows and exhibitions held across the world has often been scheduled in such a way
AGS Launches Virtual Guild
New York: The American Gem Society (AGS) has launched a virtual guild, which is open to all members of the trade. The first GoTo Guilds meeting will be a presentation by Peter Yantzer, executive director of AGS Laboratories, on “Light Performance 101,” an in-depth primer on the American Gem Society’s Light Performance Cut Grade on July 8. “Originally, the intention
