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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
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
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
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
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.
India to Continue Gold Import Curbs
New Delhi: Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked. “Each step is being continued…efforts are being made to continue each of these
IGI Announces Mobile App, Jaipur Lab
Mumbai: The International Gemological Institute (IGI) launched its new consumer mobile application for Android/iOS titled “my Diamond my Jewelry” at the India International Jewellery Show (IIJS) in addition to offering a live grading lab. During the show, IGI also detailed the opening of its next grading laboratory and education institute in Jaipur that will cater to the Rajasthan and North
AWDC Participates in the Mine Entra Fair
Antwerp: The Antwerp World Diamond Centre (AWDC), the world leader in diamond trade, participates in the Mine Entra exhibition in Zimbabwe for the first time. “Now that the European sanctions are lifted, the way is open for intensive collaboration between Zimbabwe and the main commercial center for diamonds,” said Ari Epstein, CEO of the Antwerp World Diamond Centre. 84% of
Pangolin Recovers White Macro-Diamond
Gaborone: Pangolin Diamonds has recovered a white macro-diamond weighing 0.005484 carats from a soil sample on its recently acquired Malatswae project prospecting licence PL247/2014, in Botswana. It said in a statement that a field team was now on site collecting follow-up samples on a close-spaced grid to help determine the significance of this discovery. The Malatswae kimberlite project was located
