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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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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KP Urges for Consensus Based Decision Approach

New Delhi: The Kimberley Process Plenary Meet commenced at the national capital, New Delhi on 18th Nov. The five-day meet will end on 22 Nov. 2019. KPCS is an international mechanism mandated by UN to reduce the flow of conflict diamonds which were being used to finance wars against legitimate governments. KP has 55 Participants, representing 82 countries, with the

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CIBJO Congress 2019 Opens in Bahrain

Manama: The 2019 CIBJO Congress has opened in Bahrain, with a call on the jewellery industry by CIBJO President Gaetano to take action on climate change, which he said was not an issue specific to the sector, but it is the “most important story of our time.”   “There is a tendency, when faced by a challenge of this magnitude, to feel

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India Gold and Jewellery Summit on 22-23 Nov.

New Delhi: The third edition of the India Gold and Jewellery Summit will take place from November 22 to 23 at the Hotel Pullman in Aerocity, New Delhi, and will bring together jewellery businesses and government officials to discuss the industry. The upcoming edition of the summit will focus on six main topics comprising “improving the role of gold in

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GIA India Donates Replicas of Famous Diamonds

Mumbai: GIA India is gifting replicas of famous diamonds to Chhatrapati Shivaji Maharaja Vastu Sangrahalaya (CSMVS), Mumbai, for the museum’s new jewellery gallery. The replicas were presented to Mr. Sabyasachi Mukherjee, Director General of CSMVS, by Ms. Nirupa Bhatt, Managing Director of GIA India and Middle East, on Nov. 7. Also present at the ceremony was the consultant co-curator for the jewellery

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Qatar Diamond Exchange Signs Strategic MoUs

The Qatar Diamond Exchange (QDE) has signed Memoranda of Understanding (MoUs) with the Diamond Exchange of Singapore, the Shanghai Diamond Exchange and the Tokyo Diamond Exchange during the 41st World Diamond Congress in Singapore. The agreements reflect QDE’s strategic focus on developing closer relationships with established diamond markets across Asia and creating new opportunities for trade and cooperation between Qatar

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IDMA Mourns Passing of Vasant Mehta

Antwerp: The board and members of the International Diamond Manufacturers Association (IDMA) deeply mourn the passing of one of the global diamond industry’s and trade’s leaders and mentors, Mr. Vasant Mehta, who passed away earlier this week at the age of 81. Vasant served as IDMA’s Vice President from 1998-2000 and then from 2002-2008, on behalf of the Gem &

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Shaping the Roadmap for India’s $100 Bln. G&J Future

Mumbai: Department of Commerce, in association with the Gem & Jewellery Export Promotion Council (GJEPC), yesterday convened the ‘Chintan Shivir – 2040 Roadmap for Gems & Jewellery’, a high-level dialogue aimed at developing a comprehensive strategy to help India achieve its ambition of USD 100 billion in gems and jewellery (G&J) exports by 2040. The roadmap envisages an increase in

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India’s Largest Platinum Experience Zone at Kalamandir Jewellers, Vadodara

Vadodara: Kalamandir Jewellers has unveiled India’s largest Platinum Experience Zone at its new flagship store in Vadodara, creating a dedicated destination for consumers to explore platinum jewellery across designs, occasions andprice points. The launch strengthens the visibility of platinum jewellery in Gujarat and complements Platinum Guild International’s (PGI) ongoing efforts to build awareness and appreciation for the metal through consumer education, design innovation

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