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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
Top News
Divine Solitaires Launches E-Commerce Platform
Mumbai: Divine Solitaires, India’s first solitaire jewellery brand announced the launch of its E-commerce platform with an aim to make the best of the solitaires available to their customers in the comfort of their home. Having been a specialist of the solitaire segment for over a decade, Divine Solitaires (www.divinesolitaires.com/shop) is now the only online platform exclusively dedicated to selling
CIBJO Seminar to Focus on Challenges Faced by SMEs
Milan: With responsible sourcing policies, verifiable supply chain integrity and social and environmental sustainability fast becoming requirements for companies operating in the jewellery sector, small and medium-sized enterprises are feeling increasingly pressured. The cost of conducting due diligence can be restrictive, and often is a source of anxiety, particularly in Italy, where all but a handful of companies are SMEs
Pink Diamond Jewelled Tiger Now on Perth Mint Coins
Perth: As one of the most powerful animals in Eastern culture, the majestic tiger has been immortalised in rare Argyle pink diamonds on The Perth Mint’s most significant release for 2020. The opulent Jewelled Tiger coin is crafted from 10oz of 99.99% pure gold and adorned with a finely sculptured three-dimensional 18 carat rose gold tiger pavé set with nearly
GJEPC Holds Training Program for Kolkata Customs
Kolkata: To facilitate the export from the Eastern Region of the country, the GJEPC arranged a weeklong training program on Gold & Jewellery Appraising for the officers of Kolkata Customs. The training was held from January 6-10, 2020 at Kolkata Custom’s Board Room, International Cargo Complex, Kolkata Airport. GJEPC arranged the faculty from Indian Diamond Institute (IDI) Surat to train
"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
Quality Label ‘Antwerp’s Most Brilliant’
Antwerp: The City of Antwerp and the AWDC awarded three additional Antwerp jewelers the quality label ‘Antwerp’s Most Brilliant’, indicating they meet the strictest requirements in terms of quality, service and transparency. Antwerp’s Most Brilliant was launched earlier this year and collects the city’s most qualitative and reliable jewellers, living up to Antwerp’s reputation as a diamond centre of excellence.
“Please Withdraw Gold Import Curbs…”
New Delhi: Commerce Minister Nirmala Sitharaman said that her ministry has recommended that the finance ministry seriously consider easing import curbs on gold to help the beleaguered gems and jewellery export sector, reports The Economic Times. Speaking to ET, Sitharaman, who is also minister of state for finance, said that while the current account deficit (CAD) crisis had been somewhat
