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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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GJEPC Organised Design Inspirations Seminar
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized its annual seminar Design Inspirations during the 12th edition of Signature IIJS show. Addressing the gathering, Chairman of the GJEPC Mr. Pramod Kumar Agrawal said that the Indian gem and jewellery industry has come a long way. “India is the largest manufacturer of cut and polished diamonds, the sixth largest
GJC Presented 8th National Jewellery Awards
Mumbai: The grand finale of the 8th edition of the country’s biggest and most eagerly awaited gems and jewellery awards were bigger and grander than ever before! All India Gem and Jewellery Domestic Council (GJC), presented 36 National Jewellery Awards (NJA) 2018 across 5 different categories in the presence of Mr. Anantha Padmanaban (Chairman and Convener, GJC), Mr. Shaankar Sen (Vice Chairman, GJC), Mr.
Forevermark Red Carpet Collection '19 by India
Mumbai: Since the time the De Beers’ diamond brand was launched, Forevermark diamonds have consistently graced the red carpets of all the most important events, worn by the most important celebrities. This year, 27 Indian retailers designed jewellery exclusively for the 91st Annual Academy Awards. “Inspired by the talent and strength of Hollywood’s leading women, the jewellery designs will be
WJA Unveils Designers of India Book
Mumbai: The Womes’s Jewelry Association (WJA) India, recently launched a coffee table book titled “Designers of India” during the inaugural ceremony of the 12th edition of IIJS SIGNATURE. The book was unveiled by the Guest of Honour, Dr Subodh Agarwal, Additional Chief Secretary, Industries, Government of Rajasthan. Also present on the occasion on the dais were Chairman GJEPC, Pramod Kumar
China’s Gold Demand to Continue For 20 Years
Beijing: China’s strong appetite for gold is expected to continue for the next 20 years, driven by the country’s increasing per capita income and the global shift of gold consumption from the West to the East, the China Gold Association said. In 2013, China’s gold consumption reached 1,176.4 tonnes, making it the world’s biggest gold consumer. Its consumption in 2014
British MPs Urge to Probe Gold Price-Rigging
London: British Members of Parliament (MPs) have called on the UK’s financial watchdog to investigate allegations of price-rigging in the London gold market after a senior regulatory executive said that there may have been co-ordinated attempts to manipulate a crucial benchmark, Financial Times reports. Members of the influential parliamentary Treasury select committee pressed the Financial Conduct Authority to act after
RBI to Swap Gold to Improve Reserves Quality
Mumbai: The Reserve Bank of India (RBI) said yesterday that it had sought quotes from banks to swap gold in its own vaults for international-standard gold, aiming to improve the management of its reserves. The RBI sources said that the measure would “standardize the gold available with RBI in India with respect to international standards” and the gold acquired would
6,000-Gram Gold “Devil’s Ear” Unearthed in Russia
Moscow: Russian miners have unearthed a scary-looking 6,664-gram piece of gold they labeled the “Devil’s Ear” on Friday the 13th. According to the official publication of the local government, workers at the Ukhagan mine in the Bodaybinsky district of Siberia found the piece, the largest nugget ever found in the area, on June 13, the eve of the full moon.
