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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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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
WDC President Applauds GemFair-GIZ-MRU Agreement
New York: Mr. Edward Asscher, President of the World Diamond Council (WDC), has expressed the WDC’s strong support for an agreement announced yesterday by the De Beers Group’s GemFair initiative, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Mano River Union (MRU), according to which the three bodies will collaborate in the development and delivery of a regional training
New Dates Announced for JGW and JGA
Hong Kong: Informa Markets – Jewellery is rescheduling Jewellery & Gem WORLD Hong Kong (JGW), the industry’s leading B2B fine jewellery event, for 9 – 13 November 2020 at the AsiaWorld-Expo (AWE). The fair organiser is also preparing to launch a customised digital event service later this year, which is designed to meet the unique needs of the jewellery industry and enhance the exhibitor discovery
GJEPC Reinforces India’s Diamond Leadership at ICC Conclave
Kolkata: The Indian Chamber of Commerce (ICC) hosted the Diamond Conclave 2.0, themed “India Shining for the Global Stage,” with GJEPC as co-partner. The conclave, held in Kolkata on 30th August, brought together industry leaders, policymakers, and trade experts to deliberate on the challenges and opportunities shaping the future of India’s gem and jewellery sector. In his address, Sabyasachi Ray, Executive Director,
India Pavilion at Jewellery Show London
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC)-led India Pavilion is hosting Indian Jewellery manufacturers at the Jewellery Show London from 31st August to 1st September at Olympia London . The SELECT exhibitors, including G.C. Gems Corp, Minal Info Jewels, Steckbeck Jewellery Pvt. Ltd, Sejal Exports, Romil Jewellery, Blossom Jewels LLP, Dharam Export (India) Pvt Ltd, Shrinath Roto pack
GDP Growth Reflects Resilience of India’s Economy: Kirit Bhansali
Mumbai: India’s strong services activity has helped GDP growth comfortably beat expectations for the second quarter in a row, rising to an impressive high of 7.8% for April-June 2025. The swift growth in the first quarter of the current financial year further consolidates India’s position as the world’s fastest growing major economy. Currently the world’s fourth-largest economy, India is on
Kalyan Jewellers Launches Showroom in Dibrugarh
Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at K.C Gogoi Path, Khalimari in Dibrugarh. Actor Genelia Deshmukh inaugurated the showroom, which aims to further strengthen the brand’s presence in the region. The showroom offers an array of exquisite designs from Kalyan Jewellers, featuring popular house brands such as Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery)
