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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LMHC Advances in Harmonisation of Colour Description

Lucerne, Switzerland: Significant achievements in the harmonisation of wording on laboratory reports and the reporting of new treatments have been chalked up during the 29th meeting of the Laboratory Manual Harmonisation Committee (LMHC), which was hosted by the Gübelin Gem Lab in Lucerne, Switzerland, on November 14 and 15, 2018.   The LMHC is currently comprised of representatives from the Central

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WGC Appoints David Tait as Incoming CEO

London: The World Gold Council (WGC), the market development organisation for the gold industry, yesterday announced the appointment of David Tait as incoming Chief Executive Officer. David joins the World Gold Council following a highly successful career in the financial services industry. David was most recently Global Head of Fixed Income Macro Products at Credit Suisse.  Prior to that he held senior trading

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GJEPC’s 2nd India Gold & Jewellery Summit Concluded

Upscale, upgrade & forge partnerships: Suresh Prabhu GJEPC seeks ease of doing business and reduction of customs duty on gold to 4% New Delhi: The country’s top policy makers, gem & jewellery stakeholders and decision makers got together for the most significant annual gems & jewellery industry summit – India Gold & Jewellery Summit 2018 – organized by The Gem

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Forevermark Launches Rac&Stac Collection

Mumbai: One jewellery trend that has never gone out of fashion is stackable rings. Over the years the style has only been experimented with to evolve into a must-have in every woman’s wardrobe. This Christmas, Forevermark is celebrating the holiday spirit by bringing this style back with a fun and stylish collection called Rac&Stac that can be worn from day to night in over 200

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5th Edition of IIJW Inaugurated in Mumbai

Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized

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HRD Antwerp Adjusting Parameters of Cut Grade

Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on

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Gold, Diamond Deposits Traced in Odisha

Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel

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Diamonds worth Crores Stuck in US Labs

Mumbai: An unprecedented delay by US-based Gemological Institute of America (GIA) in certifying of polished diamonds is worrying diamantaires in Surat and Mumbai, who are now facing liquidity problems due to shortage of gems to sell in the market, reports The Times of India. The diamond sized below one carat (the most popular category) that are sent to Carlsbard and

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