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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Top News

WGC Publishes Outlook Report for 2019

Mumbai: The World Gold Council (WGC), In its ‘2019 Outlook’ report said geopolitical risks that weighed on global economic growth in the second half of 2018 would likely carry through to 2019. That uncertainty would be a boon for gold prices, as investor demand is expected to fire up for gold’s effective hedging role. Although the WGC did not weigh-in

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GJC Hosts 1st PMI of the New Year

Coimbatore: All India Gem and Jewellery Domestic Council (GJC), the national apex body for the domestic gems & jewellery trade, presents the first Preferred Manufacturer of India (PMI) of New Year 2019 in ‘Smart City’ Coimbatore (the 5thlocation in the 4th edition after Pune, Hyderabad, Goa and Jaipur). Today, GJC’s PMI is revered as India’s most premium and exclusive B2B marketing

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IBJA & Glambox to Hold IJF from 6th April to 7th May

Mumbai: India Bullion and Jewellers Association Limited (IBJA) announced the largest consumer jewellery shopping festival India Jewellery Festival (IJF) organised by Glambox. This festival will take place in Mumbai region from 6thApril to 7th May 2019. The India Jewellery Festival is a first of its kind event that provides an opportunity for Mumbai Retailers to offer consumers to not only shop the best jewellery, but also win hundreds

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Anantha Padmanaban Elected as Chairman of GJC

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry has elected Mr. Anantha Padmanaban as Chairman and Mr. Shaankar Sen as Vice Chairman for a period of two years. The list of other newly elected directors of GJC has been uploaded on the company website. Mr. Anantha Padmanaban, NAC Jewellers.

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Antwerp Presents Ring with 321 Natural Diamonds to the US 

Antwerp: During the celebration of the 250th anniversary of the United States (US) in the Parc du Cinquantenaire in Brussels, the Antwerp diamond sector presented an exclusive ring set with 321 natural diamonds to U.S. President Donald Trump. The ring symbolizes the historic trade relationship between Antwerp and the United States – for decades the most important export market for

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From London to Athens, GJEPC Builds New Export Opportunities

London: Representing India’s gem & jewellery industry (G&J), the Gem & Jewellery Export Promotion Council (GJEPC) Vice Chairman Mr. Shaunak Parikh joined the high-level business delegation led by India’s Commerce & Industry Minister Mr. Piyush Goyal to the UK and Greece. In the UK, GJEPC championed the industry’s priorities as the India–UK FTA paves the way for gem & jewellery

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Candere Announces Smriti Mandhana as its New Brand Ambassador

Mumbai: Candere, the lifestyle jewellery brand from the House of Kalyan Jewellers, has announced celebrated Indian cricketer Smriti Mandhana as its new brand ambassador. Joining Shahrukh Khan as the face of the brand, Smriti’s association marks a significant step in Candere’s journey to strengthen its connect with young, modern Indian consumers. One of India’s most accomplished cricketers, Smriti has built

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GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory

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