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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
Albert Milton Appointed MD of Debswana Diamond Co.
Gaborone: Debswana Diamond Company today announced that Managing Director Mr. Balisi Bonyongo will retire from the business with effect from 30 November 2018, following 26 years of dedicated service to the organisation. The Shareholders of Debswana have appointed Mr. Albert Milton, currently General Manager of Jwaneng Mine, to take over as the Company’s Managing Director with effect from 1 December
Precious Metals Assay & Training Institute Launched
Mumbai: The World Gold Council (WGC) and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers. The initiative is a world class training facility that will establish assaying as a certified qualification and career in India, and will directly enhance the integrity of gold and the standardisation of best
Diavik Diamond Mine Honoured as Industry Leader
Yellowknife: Diavik Diamond Mine has been awarded the Northwest Territories Mining and Exploration (MAX) Special Achievement Award for the design, construction and operations of its dikes and its contribution as a joint venture partner to the Tibbitt to Contwoyto Winter Ice Road. The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the GNWT’s
The 5,655 Carat ‘Lion Emerald’ Sold in Auction
Singapore: Gemfields announced the results of an auction of higher quality rough emeralds held in Singapore from 14 – 17 Nov 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in
Gold Faces Pivotal H2 as Geopolitical Risk
New York: After a volatile start to the year, gold now faces a pivotal second half that will be shaped by unpredictability from geopolitics, rates, and investor sentiment, according to the Gold Mid-Year Outlook 2026 released by the World Gold Council (WGC) recently. Gold set more than 12 all-time highs and reached a record US$5,405/oz in late January before pulling
Nearly 80% of Belgian Diamond Traders Pass First-Ever Anti-Money Laundering Exam
Antwerp: For the very first time, the Belgian FPS Economy and the Antwerp World Diamond Centre (AWDC) organized a large-scale anti-money laundering (AML) exam for Belgian diamond traders. The sector delivered strong results, with nearly 80%of the 196 participants passing the test. The exam, which assesses knowledge of Belgian AML obligations, is part of broader efforts to further strengthen compliance
Gemfields CEO to Step Down: Ruby Auction Fetches $23.1 Mln.
London: Gemfields Group recently announced that its CEO Mr. Sean Gilbertson will step down by mutual agreement on 15 July 2026, with Chief Financial Officer Mr. David Lovett appointed Interim CEO while retaining his current role. The Board has begun the process of identifying a permanent successor. The announcement coincided with the results of Gemfields’ inaugural Trade Select ruby auction,
GJC Calls for Balanced Policy & Consumer Friendly Reforms
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) released yesterday its half‑yearly review of the gold and silver market for 2026, noting that the first six months of the year were marked by historic peaks in bullion prices, followed by corrections that reshaped consumer sentiment and industry outlook. The Council emphasized that taxation changes, customs duty hikes, and global geopolitical
