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

Read More »

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

Read More »

Top News

India Pavilion at Hong Kong International Show

Hong Kong: India, the leading diamond manufacturer and one of the leading jewellery exporters in the world, has always made a scintillating presence at all international shows with innovative and unique offerings catering to specific markets. India Pavilion, organized by Gem & Jewellery Export Promotion Council (GJEPC) has an impressive presence at the 6th Hong Kong International Diamond, Gem and

Read More »

Institutes Gathers under one Umbrella to Form AGA

Hong Kong: NGTC is organizing a half day open Forum meeting Win-Win on 28th February with CIBJO, GIT, GII, CGL, DFHK, GHK and HKIG as organizers. NGTC invited many experts from many institutes to talk or present views in Win-Win. For the first time, an effort is being made to bring Asia-pacific countries under one umbrella. The idea was seeded

Read More »

IGI Certifies Traditional Jadau & Polki Plewellery

Mumbai: The International Gemological Institute (IGI), the largest global independent gem certification and appraisal institute, certifies traditional Jadau and Polki jewelry. The IGI Traditional Jewelry Report has become a benchmark and helps discerning buyers validate real Jadau jewelry from fakes; and differentiate between original Polki creations and glass rendered designs. Jadau jewelry is considered the epitome of traditional Indian craftsmanship.

Read More »

SSEF Launches GemTrack

Basel: The Swiss Gemmological Institute SSEF has announced the launch today of GemTrack™, a new service providing expert scientific opinion linking a cut gemstone to the rough stone from which it originated, thus enabling gemmologically the documentation of part of the stone’s journey from mine to market. The GemTrack™ service involves the combination of crystallographic, structural, chemical and microscopic analyses, which allow for

Read More »

No Assurance from India on Easing Gold Curbs

Mumbai: A delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) met the Union Finance Minister, Arun Jaitley recently, demanding relaxation in various rules relating to gems and jewellery industry. The Finance Minister, however, remained reluctant to give any assurance on the existing gold import’s 80-20 rule, which allows only nominated agencies to import gold

Read More »

Zimbabwe Running Diamond Sector like ‘Mafia’

Harare: Zimbabwean opposition politician Innocent Gonese has said that Zimbabwe’s ruling Zanu PF party needs to stop running the country’s diamond sector “like a mafia where everyone involved in the management of the gems is a thief.” The comments were made at a public forum organized by the Southern African Political and Economic Series (SAPES Trust) in Mutare, reported the

Read More »

DGCX to Launch Spot Gold Contract

Dubai: Dubai Gold and Commodities Exchange (DGCX), a financial and commodity derivatives exchange is getting ready to launch a spot gold contract and a number of commodities, equity and currency derivative contracts between now and the end of the year, said Gary Anderson, CEO of DGCX in an interview with Gulf News. The exchange primarily focused on derivatives is all

Read More »

GJEPC’s Banking Seminar on Saturday

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. The who’s who of Banking, Gem & Jewellery Trade and Ministry of Finance officials will be present on one platform to discuss the issues like- Aspects and Present Issues on Financing for the Gem & Jewellery

Read More »

Latest Videos