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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Kirit Bhansali Appointed as Nominee Director on IAGES Board

Mumbai: Mr. Kirit A. Bhansali has been appointed as the Nominee Director on the Indian Association for Gold Excellence and Standards (IAGES) Board, effective from11th May 2026. Mr. Bhansali, Chairman of India’s Gem & Jewellery Export Promotion Council (GJPEC) is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond

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NDC Welcomes Rulings from ASA

London: Natural Diamond Council has welcomed two rulings from the UK’s advertising watchdog backing its efforts to protect consumers from misleading adverts of synthetic diamonds. The not-for-profit organisation, which exists to promote and protect the integrity of the global natural diamond industry, complained to the Advertising Standards Authority (ASA) about adverts by two retailers that failed to mention their products

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Second edition of “TREASURES” in Lisbon

Lisbon: The second Edition of TREASURES, an award-winning international colloquium, will take place under the patronage of the President of the Republic of Portugal at the Royal Treasure Museum, Palácio Nacional da Ajuda, in Lisboa, Portugal, November 13-14, 2026. The theme of this year’s edition is “Crowns and Tiaras.” During the two-day colloquium, participants will enjoy presentations by a choice

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GJC Gets New Office in Mumbai

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), representing over six lakh jewellers across India, marked another significant milestone in its journey with the inauguration of its new office at Trust House, Parel East, Mumbai. Over the past two decades, GJC has emerged as a leading national trade body advocating policy reforms, promoting transparency, encouraging responsible trade practices,

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India Claims KP Chair in 2019

Dubai: Representatives of the European Union (EU) and India participating in the KP Intersessional which took place in Dubai from May 23-26 presented a coordinated proposal under which the EU will be KP Vice-Chair in 2017 and KP Chair in 2018, while India will become KP Vice-Chair in 2018 and assume the position of KP Chair in 2019. Tung-Lai Margue,

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GJEPC Inducted into World Body

Dubai: The World Federation of Diamond Bourses (WFDB) has added the Gem and Jewellery Export Promotion Council (GJEPC) as the largest member among its 31-member bourses across the globe. The decision was taken at the ongoing 37th World Diamond Congress at Dubai recently. The WFDB was set up in 1947 to unite diamond exchanges world-wide. It is the apex body

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KP Clearance for CAR and Venezuela

Dubai: Closing the final day of this week’s KP Intersessional, Ahmed Bin Sulayem, KP Chair, said, “I am particularly happy that the CAR Monitoring Team has by and large completed its verification and due diligence on the first shipment of the compliant zone of Berberati in the Central African Republic. The Working Group ‎of Monitoring took good notice of the

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Bruce Cleaver Appointed as CEO of De Beers Group

Gaborone: De Beers Group announces the appointment of Bruce Cleaver as CEO, following Philippe Mellier’s decision to step down after five years with the company. The appointment will take effect on 1 July 2016. Bruce Cleaver served as De Beers’ executive director responsible for strategy and commercial relationships until 2015, also serving as Co-Acting CEO for a year prior to

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